Jump to content
House Price Crash Forum
Sign in to follow this  
Guest

Gold Prices Tumble Most In Five Months As Cyprus To Sell Bullion

Recommended Posts

Browns bottom all over again. Why tell the market before you sell? You'd get a better price if you don't announce these things.

Edited by Notanewmember2

Share this post


Link to post
Share on other sites

So we know who is selling. I wonder if we find out who is buying it?

Cyprus of course.

Share this post


Link to post
Share on other sites

China. China will buy any amount you could possibly have to sell. If they aren't in the mood (unlikely) then India will take it, albeit over a longer time frame.

Share this post


Link to post
Share on other sites

Mish sits on the fence

http://globaleconomicanalysis.blogspot.com/2013/04/fools-in-cyprus-to-sell-most-of-its.html#FifOKmuDqpb1vuA5.99

'Selling gold is downright idiotic. Gold backing can prevent a currency from going completely worthless. Should Cyprus leave the eurozone, its small holding of gold would at least put some bid on its currency.'

Read more at

The Cypriot public are total idiots if they allow their politicians to sell their country down the river like this. Then again, they already pretty much rolled over by accepting deposit theft so I guess they're a lost cause.

To think that they were on the verge of a united Island again not so long back. They threw it away and now their state is being flushed down the Euro pan. Can't see the Turks wanting anything to do with them now, they just have to not screw up and their position will strengthen.

Share this post


Link to post
Share on other sites

Browns bottom all over again. Why tell the market before you sell? You'd get a better price if you don't announce these things.

I think there comes a point when offloading a large enough amount that pre-announcing it may help bring a few big buyers (i.e. Govts) into the market.

Share this post


Link to post
Share on other sites

I think there comes a point when offloading a large enough amount that pre-announcing it may help bring a few big buyers (i.e. Govts) into the market.

You are Gordon Brown and I claim my £5s.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.