Hummm... Not Related to Monetary Policy... Riiiiight...
in response to
by
posted on
Aug 22, 2008 04:22PM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
In the week ending 15 August 2008, the decrease of EUR 24 million in gold and gold receivables (asset item 1) reflected 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 sale of gold coin by another Eurosystem central bank.
http://www.ecb.int/press/pr/wfs/2008...
http://www.24hgold.com/contributor.a...
I guess they will never REALLY stop selling Gold to Prop up the paper.