ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Gold : Still Solid

Still Solid A correspondent writes: IS gold about to be dethroned from the position it has enjoyed so far as the base of monetary reserves, now that several individual monetary authorities have made public their intention to offload substantial portions of their monetary stocks of gold? Speculation is rife also about the likely impact on the gold market of the decision by the British treasury to offload 415 tonnes of its total holding of 715 tonnes of gold. The British announcement was preceded by the Swiss decision to sell nearly half of its monetary gold of approximately 2,600 tonnes. At the same time, in the IMF

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