Buy and sell gold jewelry : Central Bank Gold Agreement (CBGA)

Buy and sell gold jewelry : Central Bank Gold Agreement (CBGA)

For the gold market. We have a vibrant market in the second month in January and February. However, it is common for assets that are not up to it. Knowledge for today I will tell you to listen to the rules on the sale of gold by central banks, large or Central Bank Gold Agreement (CBGA), which many of you have probably heard already. The study of trading rules in the knowledge that the gold is also a major shareholder of the national central banks in Europe. In the past, with a view like gold.>Buy and sell gold jewelry

Buy and sell gold jewelry : Central Bank Gold Agreement

Central Bank Gold Agreement was the first time since September 27 (1999) The agreements limit the amount of gross sales of gold by central banks in Europe, where the current Central Bank Gold Agreement (CBGA). In No. 3 (CBGA3) in each period of 5 years and I have to sell each year in the amount not exceeding the agreement set aside.

CBGA1 (27 Sep 2000-26 Sep 2004), the Central Bank under the terms of this sale of gold to a maximum of 400 tons or 2,000 tons per year over a five-year contract CBGA1 Bank. the actual amount was 2,000 tons sold in the United Kingdom for up to 1,170 tons, followed by Britain and the Netherlands, 345 tons, 235.2 tons a year, selling more than two years of the Year 2000 and 2002, with sales of 404 tons and 418.1 tons respectively, but the sales do not exceed the contract period is agreed.
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Buy and sell gold jewelry : Gold Bubble

Buy and sell gold jewelry : Gold Bubble

Gold is entering a bubble (Gold Bubble) or not!
To this day I have one that I could hold my mind many years ago. Until today, many people decide to go. Many people still have hope. And many people still hesitate There are a couple of questions and doubts that the end of the year, the price of gold rises to $ 1,900 / oz Gold Bubble is a bubble or whether the price of gold is not surprising. The current price is $ 1,600 / oz this year that it was the other Bubble.

Buy and sell gold jewelry : Gold Bubble

First, let's review it before that. Why is this bubble has to say about gold. I remember many years ago. The fluctuating price of gold is at $ 5 ~ $ 10 at a price to around $ 20, we will say that it is stable. Then there's the price adjustment. We often say that it was time to leave for a period of up to $ 100 or more per $ 100 of the back swing, a narrow $ 5 ~ $ 10 as it was years ago. During the month of August. We saw gold prices is a positive constant, incessant, from $ 1,600 / oz to $ 1,900 / oz, then dropped back down to $ 1,700 / oz, then it is up to $ 1,900 / oz again before dropping it back down. $ 1,600 / oz again in September. We say that the players were $ 300, this is not normal. A soap bubble.Read more