sargeant,
1. I'm right, the world's foremost economist Ben Bernanke said exactly that, it's traditional.
2. They are losers, they've lost over $550b
3. Australia did sell theirs, probably cheap, which confirms my point.
4. Not all central banks do own gold, but most make the wrong decisions when to buy and sell, they're contrarian warnings.
Quite straightforward I'd have though.
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