Hathaway - Plunging COMEX Metal Stocks & BoE Gold Sales

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/1_Hathaway_-_Plunging_COMEX_Metal_Stocks_%26_BoE_Gold_Sales.html

Gold Sales Tumble at Perth Mint After Rout Deters Buyers

http://www.bloomberg.com/news/2013-07-04/gold-sales-slump-at-australia-s-perth-mint-as-rout-deters-buyers.html

US Mint Gold Sales Surge To Highest Since 2009

http://www.zerohedge.com/news/2013-04-24/us-mint-gold-sales-surge-highest-2009

Turkish gold sales to Iran soar as sanctions bite

This is further evidence that gold is a currency of last resort--and a reminder why gold is hated by the governments of the western developed countries.

http://www.reuters.com/article/2012/05/17/gold-turkey-iran-idUSL5E8GGF3K20120517

Famous Last Words

http://www.thenewsonline.es/news/national/3678-famous-last-words

“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.

Gold Bullion Sale Ruled Out By US Treasury

This should silence the "you can't eat gold" crowd.  Last time I checked, you can't eat a dollar bill, either. And what about that Keynesian argument declaring gold a "barbaric relic" of no value? 

http://goldnews.bullionvault.com/gold_bullion_040520112

US TREASURY SECRETARY Tim Geithner has ruled out a sale of Gold Bullion by the US government, as Washington approaches its legal debt limit of $14.29 trillion.

In a letter to Congress, in which he asks for the debt ceiling to be raised, Geithner states that selling reserves of Gold Bullion “would undercut confidence in the United States both here and abroad”.

The Treasury Department predicts the US will reach the debt limit no later than May 16.

The US government – the world’s largest single holder of physical gold – has not sold Gold Bullion, other than small amounts for coinage, since 1979.

In 1980, a year that saw Gold Prices peak, then Federal Reserve chairman Paul Volcker refused to rule out a sale of US Gold Bullion.

Central banks last year became net buyers of gold, according to research by GFMS, the leading precious metals consultancy.

An I.M.F. Announcement On The Completion of Gold Sales Due Soon

http://www.safehaven.com/article/19141/an-imf-announcement-on-the-completion-of-gold-sales-due-soon

To intervene or not to intervene

http://www.gata.org/node/8560

That is, the story leads with the ECB's acknowledgement that it traded 35.5 tonnes of gold for dollars in 2009 in the name of "liquidity, security, and return."

Then the story quotes the bank as having "also confirmed it had not intervened in currency markets in 2009."

But whenever a central bank exchanges gold for a currency, that is by definition a currency market intervention.

IMF refuses to sell its gold to Sprott Management

http://www.zerohedge.com/article/imf-now-rejecting-prospective-buyers-its-gold-stash