Noyer on Gold Sales

verfasst von El Sheik, 13.07.2004, 20:21

-->NOYER ON GOLD SALES

Noyer also repeated that the Banque de France would not sell gold reserves
simply to reduce the French government's budget deficit. This would not
occur"either directly or indirectly," Noyer said.

The Banque de France would only exercise its option to sell up to 500
tonnes of its 3,000 tonnes of gold reserves in order to strengthen its
foreign currency reserves and create an investment with a specific return.
That return on currency reserves, and not the proceeds from the gold sale
itself, would help improve future French budgets, Noyer said.

"The (French) finance minister (Sarkozy) agrees with that (approach)," Noyer
claimed.
Nice to know they agree on something.

Quelle: Central Banking Publications Ltd

Thread gesperrt

 

gesamter Thread:

• Noyer on Gold Sales - El Sheik, 13.07.2004, 20:21