Central Banks cling to their gold

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Central Banks cling to their gold

posted on Nov 24, 2008 03:03AM

by Allan Seccombe: Mon, 24 Nov 2008

[miningmx.com] -- GOLD sales under the Central Bank Gold Agreement (CBGA) were the lowest on record in the year to September 26, according to the Société Générale Quarterly Hedge Book Analysis, which showed gold companies’ de-hedging slowing to two million ounces.

from Kitco

http://www.miningmx.com/gold_silver/...

Could it be that the banks are running low?

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