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<p>[QUOTE=&quot;fatima, post: 1264133, member: 22143&quot;]For this purpose the small central bank does not need to sell the gold.&nbsp; Central bankers do gold swaps amongst themselves all the time.&nbsp;&nbsp; Optionally they can simply deposit the gold in one of the larger central bank depositories and use it as the basis for conversion of currency.&nbsp;&nbsp; The NY Federal Reserve holds over 7000 tons of gold that fits this category in it&#039;s basement in Manhatten.&nbsp;&nbsp; This isn&#039;t normally done at the $ market rate for gold.&nbsp;&nbsp; The central bankers have another undisclosed set of rules for operating betweent themselves.&nbsp; Remember the NY Fed lists it&#039;s own gold holdings at the rate of $42/ounce.[/QUOTE]</p><p><br /></p>

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