Midmightcruizer,
That's an important reminder. As I remember that event, a few months ago, the IMF suddenly decided to put not just "several tons" of gold, but 200-plus tons on offer, and India snapped that up without blinking.
Times have changed a bit since the then governor of the Bank of England thought he was making a masterstroke when he sold much of the Bank's reserves right at the bottom, spot on, at US$ 250.
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