re: ***gold to get crunched? wrong
Reserve banks are net sellers of gold world wide, after being net buyers for many years
from RJS.
Just goes to show you that The Reserve Banks who are selling got it horribly wrong. However the Pommy mob sold after an apparent underhand agreement to try & hold up the US$ for a while read the GATA stuff.
As it happens the English citizens are poorer because the Reserve Bank unloaded Gold at bargain basement prices & it appears you are trying to tell that that was a smart play.No matter what they paid for it they are now poorer for the sale.
