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Central Bank Gold Agreement

Nickname
CBGA
Acronym
CBGA
Entity Type
Cartel
Link
Website
Location
Earth
Founding Date
9/26/1999

The Central Bank Gold Agreemnt (CBGA) is a cartel-like agreement between central banks that limits the amount of gold they can sell.

Asset Classes

Gold

Entity Types

Central Bank

  • An agreement that limits the amount of gold that central banks can sell
  • Intended to prevent the price of gold from falling too fast
  • Created after multiple central banks sold gold at the same time in the 1990s and 200s
  • Most recent renewal is from 2014 - 2019
  • Formed in 1999
  • Renewed with 5 year intervals

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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