The Central Bank Gold Agreement (Cbga), Aka The Washington Agreement On Gold Of 1999

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 610
glenmorenee Valued Member United States 311 Posts	Posted 11/11/2025 01:18 am This wasn't that long ago. Get this. Central banks, mostly European, got it into their heads to diversify away from gold in 1999. They needed an agreement to cap annual sales lest their sales drive the price of gold back into the ground! Big sellers were the Swiss, the French, the Netherlands and famously the UK. Big buyers were Russia, China, India and Poland. This was after the big run up in prices from 1971 (gold $35) when the US left the gold standard to 1980 (gold $640) when Volcker started in with the rate hikes. Their selling plus the thought of more selling to come pushed gold down to $260 in 2001. They had 2 more tranches of selling, the 2004 and 2009 agreement. By this time they eased off on the selling but were still selling into the next bull market that peaked in 2012. Report this Post to the Staff

I6609 Pillar of the Community United States 1227 Posts	Posted 11/11/2025 03:53 am I need a time machine. Report this Post to the Staff
jbuck Moderator United States 187579 Posts	Posted 11/11/2025 09:13 am I need to lasso a gold-rich asteroid and slowly sell it into the market. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2457 Posts	Posted 11/13/2025 02:22 am ...$35... sigh how much gold can one get for $35 today? about a fifth of a gram? Edited by MrPink2018 11/13/2025 02:32 am Report this Post to the Staff
glenmorenee Valued Member United States 311 Posts	Posted 11/14/2025 10:28 am This was all relatively early in the gold game but if I were to guess what they were thinking at the time, was gold just went up 20 fold from ~$35 to ~$640. They might have been thinking to cash in either by selling outright or hedging. Since there were so many players involved they had to come up with a plan to coordinate sales to stabilize the market. The UK famously sold a bunch at under $300 right before gold took off for $1800 from 2000 to 2012. Report this Post to the Staff
	Replies: 4 / Views: 610

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.