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HOLDING ON TO GOLD

Por: Tema(s): En: Financial Times 28 sep. 1999, p. 17Resumen: Central banks have seen the value of their huge stacks of gold plummet from a high of 835 an ounce in 1980 to a low of just over 250 a few days ago. On Sunday, European central bankers decided to do something to arrest the most recent price falls, by announcing a five-year ban on new gold sales. Europe's central bankers have succeeded in temporarily increasing the gold price, but they were wrong to tie themselves to holding on to gold regardless of the cost.
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Analítica de Seriada Analítica de Seriada BIBLIOTECA ECONÓMICA BCE - QUITO RESUM-018377 (Navegar estantería(Abre debajo)) Financial Times. 28 sep. 1999, p. 17 Disponible

Central banks have seen the value of their huge stacks of gold plummet from a high of 835 an ounce in 1980 to a low of just over 250 a few days ago. On Sunday, European central bankers decided to do something to arrest the most recent price falls, by announcing a five-year ban on new gold sales. Europe's central bankers have succeeded in temporarily increasing the gold price, but they were wrong to tie themselves to holding on to gold regardless of the cost.

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