why further qe is unlikely, page-35

Hi Timber, gold isn't money, just a commodity? So central banks have commodities in their reserves. Why not oil then, a much more widely used commodity? You mean they just hanker after this particular commodity? It's quite obvious IMO that gold is both a commodity and real money, a store of wealth unlike say oil. I mean, would you store your assets in tanks of oil in your backyard? Gold has been considered real money for 5000 years. It's not going to change suddenly in 2012.