Central banks in debt-strapped countries have a golden opportunity ahead of them, if you will excuse the pun, to help their countries’ finances by selling their yellow metal holdings. At least, that is the message that Royal Bank of Scotland’s commodities chief Nick Moore has been giving in recent presentations — and he thinks it might happen. The gist is that gold is now at a record price but banks have not come close to meeting their sales allowance for the year
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Should central banks now sell gold?