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Gold's role in pension funds under scrutiny

Source: Financial Times, 13th March 2011

Can you have too much of a good thing? If the thing in question is gold, the answer is "yes", according to De Nederlandsche Bank, the Dutch central bank. Gold has been in an established bull trend for several years, but the DNB recently went through the courts to order the Dutch glassworkers' pension fund (SPVG) to sell the vast majority of its 13 per cent allocation to gold.



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