1 vote

Direct hit! Central Banks Directly Going After Nations_World's Gold.




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The story of Cyprus gold sale reported as false.

http://www.kitco.com/reports/KitcoNews20130410DC_cyprus.html

"A spokesperson for the Central Bank of Cyprus told the Cyprus News Agency (CNA) that reports of the $523 million gold sale have not been, “raised, discussed or debated,” with the bank’s board of directors.

Aliki Stylianou told CNA this Wednesday after reports on Reuters surfaced that Cyprus officials had agreed to sell around 400 million euros in excess gold reserves to contribute to the country's bailout. Stylianou said that the gold sale was, “never discussed nor are there current or future plans to do so on the board’s agenda.” Reuters based its story on a draft report from the European Commission which assessed the nation's financing needs.

News of Cyprus’ planned sale helped drive gold down the most in five months. Gold futures for June delivery fell 1.8 percent to settle at $1,558.80 an ounce at 1:38 p.m. on the Comex in New York, the biggest drop for a most-active contract since Nov. 2."