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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