未来两年瑞士央行的售金计划

henry

2009年9月前瑞士央行准备出售250吨黄金.

henry

Swiss sales dash hopes of gold recovery
By Ambrose Evans-Pritchard
Last Updated: 2:59pm BST 14/06/2007



Switzerland's central bank is to sell a further 250 tonnes of gold, dashing hopes for a revival in depressed bullion prices after months of heavy selling by Spain and Belgium.

"This is quite significant, if you think that Britain's entire sales were 400 tonnes", said Ross Norman, director of the TheBullionDesk.com.

"The gold price has been squashed by inexorable selling from central banks, leaving people wondering whether the bull run is over. We think the seven-year trend line is still in tact but the onus is now on the bulls to prove themselves, given the failure of gold to benefit from the inflation scare we've had," he said.

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The Swiss National Bank is world's fourth biggest holder of gold after the European Central Bank system, the United States, and the IMF. Most analysts thought it had stopped selling its horde after a 1,300 tonne "purge" between 2000 and 2004,

The SNB said yesterday it would feed a fifth of its remaining gold onto the market gradually between now and September 2009 as part of a rejigging strategy for its reserves.

"As a result of the sharp rise in the price of gold, the proportion of the currency reserves held as gold has increased by about a quarter since mid-2005, from 33pc to 42pc. The purpose is to rebalance the composition," it said.

The Bank of Spain has been the chief seller of gold this Spring, cutting its reserves by 108 tonnes from March to May. Belgium has also been a large seller.

Total official sales of 170 tonnes over the last three months amount to the biggest collective dumping of gold on the world market since the 1999 Washington Accord, which limits central bank disposals to 500 tonnes a year.

The sales help explain the slide in gold prices of over $40 an ounce to $649 at a time when oil has seen strong, and inflation has been rising across the world. But they are ultimately a double-edged sword for gold.

As central banks feed bullion into the market, they steadily reduce the overhang of reserves that have tended to cap rallies in the past. Gold bugs insist that the emptying of central vaults prepares the way for a much stronger "blast-off" in the future.

The Spanish sales have reached a point where they beginning to set off an heated attacks from the opposition Partido Popular about the true motives behind government policy.

Finance Minister Pedro Solbes told the Spanish parliament last week that "gold is no longer profitable".

"The aim is to reinvest in bonds, which are more profitable. The Bank of Spain's fundamental goal is to maximize returns. The solvency of the financial system is not under threat," he said.

The response is unlikely to satisfy critics since data from the Bank of Spain show that all foreign reserves have been falling along with gold, including holdings of US Treasuries, Gilts, and other global bonds.

Total reserves have dropped to

henry

"The aim is to reinvest in bonds, which are more profitable. The Bank of Spain's fundamental goal is to maximize returns. The solvency of the financial system is not under threat," he said.

The response is unlikely to satisfy critics since data from the Bank of Spain show that all foreign reserves have been falling along with gold, including holdings of US Treasuries, Gilts, and other global bonds.

我看, 西班牙想说的是: 我们只想买"自己"的债券

xboy

谢谢。。瑞士还有多少黄金阿。。

金甲

刚看到一条报道

“Between 2000 and 2005 Switzerland sold 1,300 metric tons (1,433 US tons) of surplus gold reserves. The proceeds -- about 21 billion Swiss francs -- were distributed between the federal government and the country's 26 cantons (states), who used the money to pay off debts.“

卖了1300吨来为联邦和周政府筹集资金还债。

xboy

已经卖了 1300吨了。。。
chf 这个 货币 的 含金量 看来 减少了。。

循序渐进

原帖由 xboy 于 2007-6-15 09:52 发表
瑞士还有多少黄金阿。。

文章中说，"The SNB said yesterday it would feed a fifth of its remaining gold onto the market gradually between now and September 2009 as part of a rejigging strategy for its reserves."

250吨，现有储量的1/5，那现在大约还有1250吨。