Wednesday, June 22, 2005

I didn`t need gold

The Prudent Investor - seeing too many bubbles: Euro Area CB's Sold about 180 Tons of Gold in 2005
In Portugal, where the budget deficit is approaching 7 percent of GDP, there is a working English version of the website of the Banco do Portugal, alas they only provide you with quarterly net changes of the BdP's reserve positions - latest data from March. Gold is not given an extra line in the table. But they tell you the number of consumed bednights in Portugal's hotels. Yes, I know I'm being cynic. I just can't help it.