Switzerland sold 1550 tons of gold between 2000 and 2009, roughly 127.78 tons per year

Switzerland sold 1550 tons of gold between 2000 and 2009, roughly 127.78 tons per year according to this article.

They also say that no further sales are planned for the foreseeable future.

That is a whopping 127.78 tons per year LESS supply to the worlds demand.

Is this bullish for gold?

Swiss to sell 127 tons less gold this year

Original Article: http://www.20min.ch/finance/news/story/Schweiz-verkauft-kein-Gold-mehr-30046438

Translated from German to English via Google Translate: http://translate.google.com/translate?hl=en&ie=UTF-8&sl=de&tl=en&u=http://www.20min.ch/finance/news/story/Schweiz-verkauft-kein-Gold-mehr-30046438

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