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Saturday, December 14, 2013

Cyprus central bank has no plan to sell gold reserves-sources

http://www.reuters.com/article/2013/12/13/cyprus-gold-idUSL6N0JS1N220131213

Central bank officials said the gold reserves, valued at 441 million euros on its balance sheet, were important to safeguard the institution's independence... While the Cypriot government had said sales would be considered, the central bank had typically been cool to the idea.'' -- So the thing that precipitated gold's big fall in April was false? No big deal, we're sure...

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