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?