Central Banks Will Let Gold-Sales Agreement Expire

[CommissarJones]

The European central banks that signed a 20-year-old agreement coordinating their sales of gold have decided against renewing the accord for a fifth time, meaning it will expire in September. None of the signatories currently has any plans to sell significant amounts of gold, the European Central Bank said. The World Gold Council approved.

[1nvest]

The Bank for International Settlements - the Central Bank for all Central Banks, in March 2019 changed the rules to restore gold to being Tier 1 (risk-free). Since then gold is up 50% in US$ terms. Little wonder that the EU's Central Bank (fraudulently proclaims itself to be the European Central Bank), has opted not to sign up to selling any of its gold.

[dspp]

The Bank for International Settlements - the Central Bank for all Central Banks, in March 2019 changed the rules to restore gold to being Tier 1 (risk-free). Since then gold is up 50% in US$ terms. Little wonder that the EU's Central Bank (fraudulently proclaims itself to be the European Central Bank), has opted not to sign up to selling any of its gold.

Have you noticed any other European Central Bank ? I haven't.

- dspp

[1nvest]

There is no "European" Central Bank per se. the ECB is the central bank for the 19 full EU (eurozone) members. For instance 78% of Russian's live within Europe (only 22% live within Asia despite that being the larger land mass region). 10% of Turks also live within Europe. The UK's population compares to the combined population of 15 EU member states populations. Simply - the ECB should rebrand as the Eurozones Central Bank.

[GoSeigen]

There is no "European" Central Bank per se. the ECB is the central bank for the 19 full EU (eurozone) members. For instance 78% of Russian's live within Europe (only 22% live within Asia despite that being the larger land mass region). 10% of Turks also live within Europe. The UK's population compares to the combined population of 15 EU member states populations. Simply - the ECB should rebrand as the Eurozones Central Bank.

Yes but there's a freaking light-year distance between someone loosely adopting a word as an adjective, and their acting fraudulently.

Why do you fraudulently use the word "fraudulently"?

And why do you fraudulently use the word "Russian's"? Its not "Russian's" it's "Russians".

And why do you fraudulently use the word "Eurozones"? Its not "Eurozones" it's "Eurozone's". There is only one Eurozone.


GS

[RockRabbit]

And of course the Bank of England isn't just the Bank of 'England'

[UncleEbenezer]

I wouldn't want to introduce "American" institutions here. Let alone the Bank of America.