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2012-03-20 — gata.org
A Rotterdam, Netherlands, court has overturned the Dutch pensions regulator's recent demand that SPVG, the pension fund for glass manufacturers, divest more than three-quarters of its 13% gold allocation.
The regulator is now facing a claim for damages, estimated at E10 million to E11 milion, the difference between the current gold price and the price when the gold was sold a year ago, according to Rob Daamen, the scheme's deputy secretary.
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