germans demand bullion back, page-11

It will be so interesting to see how much gold (real gold) is delivered between 1600 and 1700 to the likes of China

Can I ask a simple question? Why would central banks / govts who were sellers for decades be such strong buyers in the last few years

My answer is simply this. They know the currency and debt positions better than all. When they could trust each others currencies there is not much use for gold. You can see where old timers can get stuck in 1950s to 1990 mentality. But I think the central banks and govts do understand what is going on

Balanced budgets... Never again
Debt repayment... Never again
Trust fiat currencies... Never again

Lord knows what the alternative is to paper money. To be honest there is not enough gold to be used as currency. I don't know how it is going to be used. But it sure seems the smart money - the insiders who print this fiat paper - think gold will be useful when all blows up