gold - IS this good or bad?

[humveee]

Iraq selling off its gold, -

http://www.iraq-businessnews.com/2013/01/29/iraq-cuts-gold-holdings-by-a-quarter/

Is that good r bad???

[thesjeske]

Maybe they are making some gold coins out of them.

[makecents]

If 29 tonnes is 2/3 of what they had then they sold off 10 tonnes or so worth about $0.5B USD, so not a huge amount either way you look at it. I think I recall other recent posts of Iraq being back at 31 tonnes or 33 or something, but again its not that much at country level scales.

Edited January 30, 2013 by makecents