No wonder the financial world is in the mess its in. Gotta love the stupidity of bankers as proven by the following statements from this article:

The correction in the gold price from the all-time high of $1,030.80 (U.S.) an ounce it hit in March is also relieving some of the pressure on banks to sell gold to rebalance their reserves.

“One reason people had been selling was because the gold price had risen and therefore the reserve value, relative to foreign exchange, had increased,” said RBS Global Banking & Markets commodity strategist Nick Moore.

That is like the New York Giants football team saying some of our athletes perfomed so well that we were beating all of our competition so we decided to trade them.