Tag Archives: gold sales

Stacy Summary:  The European central bank agreement on gold represents a significant drop in the amount of gold they will be offloading in the next five years.   That the IMF’s 400 tons is included indicates there is even less that they are allowed, or willing, to sell.  It will be very interesting to watch the four years after the IMF sells.  With the Fed buying its own debt, the Bank of England buying £50 billion more of its own debt . . . why on earth any nation would want to get rid of their gold right now . . .

• European central banks agree to limit gold sales (h/t @Mary Kapadia)

• The Fed is “lending” a helping hand

• The Fed buys last week’s Treasury notes

Update:

• Naked Capitalism doesn’t see conspiracy in the Fed purchase from primary dealers