Central Bank bought gold to be used as a cover for the process of deletion of zeros from currency

[vato96]

I agree with your math. I see your point but I was originally going for the total amount that the cbi has, but you were going for the total of 2014 which was correct 72 tons in 2014 but the goal of what the CBI has with your calculations and the previous information provided the CBI has 126.9 tons of gold since 2012 although no gold was mentioned in 2013 for some strange reason? I wonder how much the CBI has in it's possession since 2003? I have followed this investment since 2010 and these are the most exciting times!!

[gregp]

Dang I guess that IS only 4billion.

Darn probably won't be any RV until they bring back Maliki and let ISIS kill all the

Kurds and run the CBI. LOL

I think Maliki gave you a neg. Lol.

[magawatt]

I would expect that the CBI could pull in truckloads of paper currency with the sale of gold coins.

[dontlop]

I would expect that the CBI could pull in truckloads of paper currency with the sale of gold coins.

Yes hopfully they start selling it while the rate is 1166

It woukd take trillions of dollars if they waited till after a rv to start selling it

Right now they could get around 1.3 million dinar per ounce

If it rvs they bring in a lot less dinar per ounce

It could be a great way to de dollarize

[sandfly]

THANKS