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African Gold Group > Message
Sudbury_nickel

Re: Central Bank Gold Agreement could be the lowest since the pact was signed in

Posted by: clever1 on August 25, 2008 10:38AM

In response to: Re: Central Bank Gold Agree... by teedot

It is clear that a force Majeur is close.

Bundesbank is not interested in selling any gold. There are so many EU memebers that can sell enough gold to hacve any real negative impact on the market.

That is why there is so much paper pressure, there is allot of physical out there to aprt with; but yuo are hard pressed to see many actuall y unloading in size. At a certain point price competes with value and the pressure to sell is waned by lossa f potential upside value.

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