More Central Banks want their Gold and they want More Gold.
What many of the gold bashers (who have been around since gold $300) studiously overlook is that the 10 to 12 percent that has represented the long term portion of gold supply comming from Central Bank sales is gone. In fact, central banks are becomming net buyers and are moving quickly into the demand column. As distrust among emerging and some established central banks grows as a result of the US driven and still largely unregulated OTC derivatives markets and what may be some sort of shinanigans with gold swaps by certain central banks as well as the tenuous position in the UK financial system, where much of the gold and silver remains stored, more central banks and others appear to me to be wanting to take delivery of their gold and sooner rather than later. GATA is one of the few organizations which addresses such major issues straight on and its just shocking to me that over the last 9 years, as GATA has been correct time and time again are almost never interviewed or consulted in the mainstream financial media, even as the shill anti "gold analysts" who have in the large been wrong over and over again are consulted as the so called "experts." Here is a video interview in which, Germany will buy gold soon, Max Keiser tells Russia Today
Filed under Uncategorized by on Dec 2nd, 2009.
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