Wednesday, November 4, 2009

Gold here to stay

       Asian countries including China, Japan and Thailand are unlikely to sell gold in the coming years, the European Central Banks principal adviser in market operations said yesterday at a conference in Edinburgh.
       "I anticipate these countries are very unlikely to appear on the sell side of the market," Paul Mercier said."If anything, we will see a stabilisation, if not increase, in reserves of gold."

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