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Central Banks Buy the Most Gold Since 1964

drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭
in Precious Metals
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  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Looks like they've slowed-down in 2013:

    image
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    Looks like they've slowed-down in 2013:

    You make that generalization from a day chart? I know you really aren't serious about that statement, but if you don't think gold is going anywhere, why not state your reasons and logic? If you have some good info, we could all benefit.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    Am I the only one reading demand destruction?

    We always see how much the Indians or Chinese butt, but never Americans or Germans. Why is that?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Judging by the price of gold and silver, non "manipulated theory" mindsets would agree with steve27....Supply & Demand still at play...Less buyers than sellers and excess inventory. Just another theory though. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    Why the contempt if banks buy stocks but not if they buy gold?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    Banks shouldn't be "buying" anything.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • lcoopielcoopie Posts: 8,872 ✭✭✭✭✭
    that was 2012

    LCoopie = Les
  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭


    << <i>Banks shouldn't be "buying" anything. >>



    Agreed.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭


    So the banks print money out of thin air and then buy gold with it and then its considered reserves or collateral? image


    The system is a joke
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    It is an amazing situation in which we live today....... sometime, someone will make an accurate prediction.... but, most of us will miss it... image Cheers, RickO
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