LONDON, 11 April 2013 - Leaked plans to sell a portion of Cyprus' s small gold reserves may not come to fruition, UK newspaper The Guardian's website today quotes Adrian Ash at BullionVault.
After a government spokesman confirmed that a gold sale "is an option" for helping raise cash for the stricken Mediterranean island, "The responsibility, though, remains with Cyprus's central bank," says the report.
Adrian notes that the proposed 10-tonne would be the biggest gold sale by a Eurozone central bank since 2009.
"What's interesting is the [European Council's] wording in the proposal," he adds, noting the potential implications for other Eurozone member-state reserves.
You can read Adrian's view at The Guardian here:
Eurozone Crisis: Cyprus Gold Sale
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