Saturday, November 17, 2007

Gold rules on Atlantic

Spot gold 785.40 rising
Spot silver 14.4 rising
Spot Platinum 1446.00 and rising.

The Konigsborg Bank, however, upped its price for gold:

Gold sale price 836.55, buy price 811.25
Silver remained at 15.55
Platinum was kept below 1477.15

The worldwide price of gold fell, mostly due to an increase of gold sales to Attland, and the Atlantic Royal Bank, particularly. The sheer volume of redeemed dollars supported the dollar's weakness, except when traded against yen.

The National treasury spokesman reports that the inflow of gold is enough that the National Government has no need to request more gold sales to the banks.

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