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European central bank gold sales lowest since 1999 accord
By Claudia Carpenter
Bloomberg News
Friday, October 11, 2013
European central banks sold 5.1 metric tons of gold in the fourth year of an accord that originated in 1999, the lowest on record, according to data from the World Gold Council.
Germany sold 5 tons and an unidentified bank disposed 0.1 ton in the year through Sept. 26, the council, a London-based producer-funded group, said in a report on its website. That's the lowest annual total since European central banks agreed to limit sales in September 1999. Germany's Bundesbank sells a small amount each year to mint coins.
...For the full story:
http://www.bloomberg.com/news/2013-10-10/european-central-bank-gold-sale...
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