De Graaf

Don't Miss the Coming Gold Bull

Central banks are not selling gold beyond their agreements which is due in 2009. There is a mere 150 tons to be sold under the agreement but a lot of CB's have already stated they will not sell gold or supply gold for their mints at this point. Thats one of the reasons the mints are out of coins. Central Banks are hoarding their gold.

If a country decides to sell gold, it will be sold over the counter (read; without market interference) to China, India and the Middle East. Those are countries with low percentiles of gold diversifications in there reserves.

IMF and/or Central bank selling (apart from the gold agreement II) will not alter the price of gold, unless a JP Morgan is involved with a concentration of shorts backed by US Fort Knox (FED) gold reserves. For more information read GATA.com.

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