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View Full Version : Cyprus to Sell $523 mln in Gold as Part of Bailout




sailingaway
04-11-2013, 12:17 AM
http://www.marketwatch.com/story/cyprus-to-sell-523mln-in-gold-as-part-of-bailout-2013-04-10?dist=countdown

parocks
04-11-2013, 01:19 AM
ah, so that's the plan to get all the gold.

devil21
04-11-2013, 02:47 AM
And gold is at a big discount right now. So an oz is worth less in dollars and euro than it was a only a month ago. Lower spot price=more gold whenever the agreement is signed.

The timing is interesting. Will gold (and silver) pop back up quickly after this agreement for gold transfer is finalized? It may already be done. I think it'll be advantageous to time pm dips with IMF bailouts in the future. Hope my stream of consciousness makes sense here.

VoteRandPaul2016
04-11-2013, 05:59 AM
nice job cyprus.... :rolleyes: