I could take that bet. Assuming his timframe is this year. We are entering a seasonally strong period for gold. 1700 possible. 1600. VERY unlikely (tho ill have the truck backed up and buying) 1500? Sorry I dont see it. Feel free to ridiucle me if Im wrong.
1: THey wont sell the gold in FN as its the only asset they have with no counterparty risk 2: Gold reserves get leased out in a similiar way to how our fractional reserve banking system works. Trying to sell it would mean winding up all those lease and swop arrangements. That would have the effect of a traditional bank run. So naaaa they wont sell it
If they start selling their gold reserves one would think this was bearish for the gold price. Given the lease and swap agreements out there it will actually be very bullish. ALso the last moron to sell a nations gold was Gordon Brown. And look what happened after that ... Obama may be an educated man but he is far removed from the common man and that wonderful thing we call common sense. Sadly it appears to not be that common!