
Why Have a Gold Sales Agreement if You’re Not Selling Gold?
As the ECB states… “Since 1999 the global gold market has developed considerably in terms of maturity, liquidity and investor base. The gold price has increased around five-fold over the same period. The signatories have not sold significant amounts of gold for nearly a decade, and central banks and other official institutions in general have become net buyers of gold.” As market matures central banks … Continue reading Why Have a Gold Sales Agreement if You’re Not Selling Gold?