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PennyP "they should have sold on the 2011 high" OMG. Another...

  1. timber1956
    7,424 Posts.
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    03/12/15
    20:20
    Post #: 16541887
    PennyP

    "they should have sold on the 2011 high"

    OMG. Another hindsight genius.

    The RBA sold gold in 1997 for exactly the same reason that China is buying gold now - reduction of risk through diversification. It made sense at the time and it still makes sense if you think that a country's reserves should have a reasonably stable value.
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    lightbulb Created with Sketch.  Great analysis
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