The Bundesbank sells 150K ounces of gold in October, lowering its stash to 109.19M ounces....

|By:, SA News Editor

The Bundesbank sells 150K ounces of gold in October, lowering its stash to 109.19M ounces. "There is no reason to start speculating about the future of German gold reserves," says a Buba spokesman, as the sale was to the Ministry of Finance for the purpose of minting commemorative coins. Whatever the reason, the bank now holds less metal, more paper.