Re: [Technical-Investor] Will PIGS sell their GOLD RESERVES?

 

Pledge them to whom?

On Sun, Feb 7, 2010 at 6:52 AM, Sajeeth K <reachSajeeth@gmail.com> wrote:

Dear Sir,

     These countries may also follow what India did in the 90s'. Pledge them instead of selling them.

 

 

With warm regards,
Sajeeth.K

On Sun, Feb 7, 2010 at 2:00 AM, Abhijit Selukar <abhijit.selukar@gmail.com> wrote:

 

Just checked the gold's share in nation's reserves.

http://en.wikipedia.org/wiki/Gold_reserve

• Portugal Holds around 75% of its reserves in Gold
• Greece around 70% of its reserves
• Italy around 60% and
• Spain around 40%

Will PIGS sell them to reduce deficit?

Regards,
Abhijit.

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