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monogram1962

3,740 Posts.

19/10/14

21:03

Post #: 14146803
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Originally posted by monogram1962 ↑

Here`s another good example, sadly the UK again.
gold in 1970?
Between 1970-71 the Bank of England sold nearly half of our gold reserves. Just like the Brown sell-off it was sold at a historic low of about $42.5/oz in October 1971. Only a year later it was worth $65/oz.
As Catherine R. Schenk says in her book about the global gold market:
“Picking the right time for portfolio changes is clearly challenging”.

A gold-plated understatement if we’ve ever heard one

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Here`s some more GOLD from Australia
http://www.returnaussiegold.net.au/#!facts/coh8
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0 Great analysis

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