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Gold: Value locked in

Source: Financial Times, 26th September 2010

It was a gold rush - but in reverse. For nearly 20 years the world's central banks, from Canada to Switzerland and Belgium to Australia, were hustling to sell their once prized gold bars. Around the turn of the millennium the selling became so intense that traders joked about "the new miners", comparing central banks with the Californian prospectors whose 19th century gold rush flooded the market.



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