ECB Gold Sales

Touch

ECB Gold Sales

In the week ending 8 February 2008, gold and gold receivables held by the European central Bank fell by EUR 38 million (asset item 1), the consequence of the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement that came into effect on 27 September 2004) and a net purchase of gold coin by another Eurosystem central bank.

At an average price of $907 an ounce, or ?619 an ounce, this equals an amount of 1.91 metric tonnes being sold

KBG

原帖由 Touch 於 2008-2-12 10:58 PM 發表
ECB Gold Sales

In the week ending 8 February 2008, gold and gold receivables held by the European central Bank fell by EUR 38 million (asset item 1), the consequence of the sale of gold by one ...

年年卖,年年涨...服未?

JKL

原帖由 Touch 於 2008-2-12 10:58 PM 發表
ECB Gold Sales

In the week ending 8 February 2008, gold and gold receivables held by the European central Bank fell by EUR 38 million (asset item 1), the consequence of the sale of gold by one ...

thanks

Touch

原帖由 KBG 於 2008-2-12 11:03 PM 發表


年年卖,年年涨...服未?

今次有D唔同往时?! 可能来真!!!

G7刚话同意IMF卖金(虽然要等老美点&#22836!

Touch

原帖由 JKL 於 2008-2-12 11:07 PM 發表

thanks

G7 approves International Monetary Fund (IMF) Gold Sales
LONDON –
Feb 11 – 9.40GMT

The G7, the group of seven rich nations on Saturday approved the sale of gold by the International Monetary Fund (IMF) from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said.  

"There was an acceptance among the G7 that resources should be raised by selling gold," Padoa-Schioppa, who is also the head of the IMF's steering committee (IMFC), told reporters after a meeting of G7 finance ministers in Tokyo.  

He said the agreement would be finalised in April and would complement spending cuts being drawn up by the IMF under its new managing director, Dominique Strauss-Kahn.  

"The current gold price means a flow of income can be ensured," Padoa-Schioppa said.  

An analyst at Morgan Stanley said the IMF held 103.4 million ounces of gold worth some $92 billion at current market prices. That was up from $23 billion just five years ago.  

"The IMF is rich, if it wants to be," the analyst wrote in a recent note to clients, which was  issued before the G7's approval of the gold sales. "This is arguably a good time to consider selling some of these gold holdings and investing the proceeds in financial securities with positive yields."  

A surge in oil prices has boosted gold's appeal as a hedge against inflation.  

The precious metal gained over 30 percent last year as safe-haven buying increased due to the credit market turmoil and worries about the health of the dollar as it fell to record lows against the Euro (1.4966).  

Padoa-Schioppa noted that in the case of the United States, approval for gold sales would be required by Congress, meaning "the administration must present a proposal and support it".  

Padoa-Schioppa said he would step down as president of the IMFC because of the recent fall of the Italian government which meant he would soon lose his job as economy minister.
Asked if he would continue as IMFC head, he said: "I don't believe so, it has to be a minister in office, and soon I will no longer be a minister in office."

Amigo

原帖由 Touch 於 2008-2-12 23:13 發表


今次有D唔同往时?! 可能来真!!!

G7刚话同意IMF卖金(虽然要等老美点头!

但通貨澎漲....也是很嚴重

KBG

原帖由 Amigo 於 2008-2-12 11:17 PM 發表

但通貨澎漲....也是很嚴重

好似宜家只有中国在通货膨胀...

Touch

原帖由 Amigo 於 2008-2-12 11:17 PM 發表

但通貨澎漲....也是很嚴重

现时关键系老美内部都矛盾激化(cut rate又死,唔cut又死快D)!
迟早会将矛头指向人仔

KBG

原帖由 Touch 於 2008-2-12 11:23 PM 發表


现时关键系老美内部都矛盾激化(cut rate又死,唔cut又死快D)!
迟早会将矛头指向人仔

令我想起Edison...

Touch

原帖由 KBG 於 2008-2-12 11:30 PM 發表


令我想起Edison...

中国通涨才刚开始啊兄台!!!!!!!!!!!!!