๐๐จ๐ฅ๐: ๐ญ๐ก๐ ๐ฎ๐ฅ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ฌ๐๐๐ ๐๐ฌ๐ฌ๐๐ญ
From 1998 to 2008, central banks sold 3,000-4,000 tonnes of gold amid rising prices, a move many regret.
Deutsche Bundesbank, the second largest holder of gold (after the US Treasury), chose not to sell.
This year, Bundesbank President Nagel announced that he would not consider selling any of the bank's 3,350 tonnes of gold despite reporting a โฌ21.6bn loss in 2023.
He clarified how valuable the gold stocks are in offsetting the weakness of the balance sheet.
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