WGC responds to speculation on Buba gold reserves

GERMANY - The World Gold Council has responded to speculation arising out of recent statements made by the President of Germany's Bundesbank and others by giving its reasons why the Deutsche Bundesbank should continue to hold its gold reserves.

"Experience shows that the sales of gold from central bank reserves can have destabilising effects - however attractive sales may seem in the short term," said Robert Pringle, Managing Director, Public Policy for the World Gold Council, when he issued the

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