Comments on: The golden bubble? http://blogs.reuters.com/india-expertzone/2011/04/23/the-golden-bubble/ Straight from the Specialists Wed, 15 May 2013 11:54:47 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: alok8888 http://blogs.reuters.com/india-expertzone/2011/04/23/the-golden-bubble/comment-page-1/#comment-300 alok8888 Mon, 25 Apr 2011 22:42:01 +0000 http://blogs.reuters.com/india-expertzone/?p=642#comment-300 If the central banks no longer trade in gold to settle debts between them, then why do they want to stockpile gold? Why Libya's gold is big news? The website of Bank for International Settlements says, 'Apart from fostering monetary policy cooperation, the BIS has always performed "traditional" banking functions for the central bank community (eg gold and foreign exchange transactions....' (http://www.bis.org/about/history.htm) Value is in the eye of the beholder. If the central banks no longer trade in gold to settle debts between them, then why do they want to stockpile gold? Why Libya’s gold is big news?

The website of Bank for International Settlements says, ‘Apart from fostering monetary policy cooperation, the BIS has always performed “traditional” banking functions for the central bank community (eg gold and foreign exchange transactions….’
(http://www.bis.org/about/history.htm)

Value is in the eye of the beholder.

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