germans demand bullion back, page-16

danhoff,

"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?"

Here is the answer for the CPM Group.
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On the subject of the so-called recent ‘massive’ central bank purchases, CPM Group notes that in fact “even with the two large purchases (one million ounces by the Philippines and 954,000 ounces by Turkey) included, the gross and net purchases by central banks in the past two months are not really that out-sized compared to purchases over the past several years. In fact, they are pretty much in line with gross and net purchases by central banks in recent years. In other words, there is not that much new here to revel at.”

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It's a myth.