1. In November the government had been forced to revalue its gold reserves to provide additional cover for the rupee. 2. Nazarbayev also confirmed that Kazakhstan would be building up its own gold reserves. 3. So the insufficiency of gold reserves resulted from higher volume of trade, not higher prices. 4. The goldsmiths learnt from experience what proportion of gold reserves they had to keep in order to meet day-to-day demands for gold withdrawals. 5. American gold reserves could no longer support the dollars in circulation. 6. Argentina, the Netherlands, Belgium, and Australia have all announced substantial gold reserve sales in the past two years. 7. Argentina joined the Netherlands, Belgium, and Australia in announcing substantial gold reserve sales in the past two years. 8. Argentina joined the Netherlands, Belgium and Australia in announcing substantial gold reserve sales in the past two years. 9. Argentina joined the Netherlands, Belgium and Australia in announcing substantial sales of gold reserves in the past two years. |