News
Tuesday April/16,/2013 - 14:57 (UTC) The price of gold fell suddenly
and dizzy. For no apparent reason. Statistically, such a loss has a
probability every two million years. The cause is a strong increase in
supply in a few days. Friday, on Comex of New York have
been offered in a few hours orders for a total of 300 tons that,
with another 100 of yesterday, became 400, equal to one-sixth of the total
reserves of the Bank of Italy. It is not physical gold, but gold-bearing
certificates of which, of course, the owners wanted to discard. I wonder
why! Some time ago, several gold-bearing certificate holders have requested
to withdraw the underlying physical gold. But, to
no avail. And some governments have asked to
withdraw their gold from external deposits (including Fort Knox). Up to
now, always unnecessarily.
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