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NordicGilt

Journal

Norwegian Gold

Gold from a Norwegian perspective — krone weakness, sovereign wealth, Norges Bank decisions, and what they mean for private buyers in Norway.

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Norwegian Gold

Why Norway sold its gold in 2004

In Q1 2004, Norges Bank sold 33.5 tonnes of gold for USD 447 million — and never bought it back. Here is the full story, and what Norwegian gold buyers should learn from it.