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Central Banks Will Let Gold-Sales Agreement Expire

CommissarJones
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Central Banks Will Let Gold-Sales Agreement Expire

#239582

Postby CommissarJones » July 26th, 2019, 8:21 pm

The European central banks that signed a 20-year-old agreement coordinating their sales of gold have decided against renewing the accord for a fifth time, meaning it will expire in September. None of the signatories currently has any plans to sell significant amounts of gold, the European Central Bank said. The World Gold Council approved.

1nvest
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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337271

Postby 1nvest » August 31st, 2020, 9:32 pm

The Bank for International Settlements - the Central Bank for all Central Banks, in March 2019 changed the rules to restore gold to being Tier 1 (risk-free). Since then gold is up 50% in US$ terms. Little wonder that the EU's Central Bank (fraudulently proclaims itself to be the European Central Bank), has opted not to sign up to selling any of its gold.

dspp
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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337280

Postby dspp » August 31st, 2020, 10:09 pm

1nvest wrote:The Bank for International Settlements - the Central Bank for all Central Banks, in March 2019 changed the rules to restore gold to being Tier 1 (risk-free). Since then gold is up 50% in US$ terms. Little wonder that the EU's Central Bank (fraudulently proclaims itself to be the European Central Bank), has opted not to sign up to selling any of its gold.


Have you noticed any other European Central Bank ? I haven't.

- dspp

1nvest
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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337292

Postby 1nvest » August 31st, 2020, 11:31 pm

There is no "European" Central Bank per se. the ECB is the central bank for the 19 full EU (eurozone) members. For instance 78% of Russian's live within Europe (only 22% live within Asia despite that being the larger land mass region). 10% of Turks also live within Europe. The UK's population compares to the combined population of 15 EU member states populations. Simply - the ECB should rebrand as the Eurozones Central Bank.

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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337322

Postby GoSeigen » September 1st, 2020, 8:50 am

1nvest wrote:There is no "European" Central Bank per se. the ECB is the central bank for the 19 full EU (eurozone) members. For instance 78% of Russian's live within Europe (only 22% live within Asia despite that being the larger land mass region). 10% of Turks also live within Europe. The UK's population compares to the combined population of 15 EU member states populations. Simply - the ECB should rebrand as the Eurozones Central Bank.


Yes but there's a freaking light-year distance between someone loosely adopting a word as an adjective, and their acting fraudulently.

Why do you fraudulently use the word "fraudulently"?

And why do you fraudulently use the word "Russian's"? Its not "Russian's" it's "Russians".

And why do you fraudulently use the word "Eurozones"? Its not "Eurozones" it's "Eurozone's". There is only one Eurozone.


GS

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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337357

Postby RockRabbit » September 1st, 2020, 10:40 am

And of course the Bank of England isn't just the Bank of 'England'

UncleEbenezer
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Re: Central Banks Will Let Gold-Sales Agreement Expire

#337380

Postby UncleEbenezer » September 1st, 2020, 12:11 pm

I wouldn't want to introduce "American" institutions here. Let alone the Bank of America.


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