IMF Gold Sales v. the Alchemy of Gold Futures – What’s the Impact on Future Gold Prices?

The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here’s why.
In December, 2009 the commercial bullion banks that serve as agents for the leading Western Central Banks were […]