Official sector gold sales lowest since 1994
By Alan Septoff
August 6, 2009
"Releasing its official-sector gold activity report, GFMS estimated that net official-sector gold sales in the first half were 39 t, down by a hefty 73% year-on-year. GFMS anticipated sales of 140 t for the full year, which, if realised, would be the lowest since the 1994 trough of 130 t."