Tuesday, October 1, 2013

Gold, Silver Surge As Bank Of France Announces "No Gold Sale Plans"

It seems the earlier rumors that the Bank of France may be selling its gold - which had weighed on the price of precious metals this morning in the face of increasing uncertainty among the most indebted nations on the world - have been officially denied. As Bloomberg reports:
  • *BANK OF FRANCE HAS NO PLANS TO SELL GOLD, GAUTIER SAYS
And sure enough, Gold and Silver prices just screamed higher.

Credit: Tyler Durden

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