“Gold is no longer a profitable investment,” said then economic minister Pedro Solbes in 2007 to justify the Bank of Spain's selling off more than 32 per cent of its gold reserves. At the time, gold was selling for $669 an ounce – at the close of last week, it was selling for $1,508, and rising.
Thursday, May 19, 2011
Famous Last Words
http://www.thenewsonline.es/news/national/3678-famous-last-words
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