The Really Useful Gold Thread

I made a reference to Iran buying gold and stated that the net effect was that oil was being sold for gold. Somebody asked me for a reference, and I failed to provide one. This link is not Iran, but it is in the same spirit,


Central bank selling was also a key reason for slumping gold prices in the late 1990s, but buying by China, the Philippines and Venezuela helped offset selling by European central bankers.