The Gold Report
Central banks which signed the Central Bank Gold Agreement sold 475.75 tonnes of gold in the third year of the agreement ending September 26, said a statement released on Wednesday by the Bank for International Settlements on behalf of the signatories.
Also on Wednesday, Germany's Bundesbank told Reuters that it will hold on to the vast bulk of its gold reserves in the next 12 months, selling only enough bullion to mint coins.
In March 2004, 15 European central banks renewed a 1999 pact to limit their sales over a five-year period to 2,500 tonnes -- with annual sales limited to 500 tonnes -- up from 2,000 tonnes in the first agreement.
Notable Quotes
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More >
"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More >
Central Bank Gold Sales Near Maximum in 2007
Source: Reuters (10/11/07)
Central banks which signed the Central Bank Gold Agreement sold 475.75 tonnes of gold in the third year of the agreement ending September 26, said a statement released on Wednesday by the Bank for International Settlements on behalf of the signatories.
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"We reiterate our Buy recommendation on SVL." (5/16/13) SilverCrest Mines Inc. - Kwong-Mun Achong Low, Jennings Capital More >
"TGZ's Q1/13 production and reduced spending positively impacted NAV." (5/16/13) Teranga Gold Corp. - Barry Allan, Mackie Research Capital More >
"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James More >
"NGC is one of the few graphite companies to have completed a feasibility study." (5/15/13) Northern Graphite Corporation - Ron Struthers, Resource Stock Report More >