gold, page-30221

  1. 33,866 Posts.
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    Thing that gets me is that if Gold is so useless why do central banks buy it at all?
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    I've got no idea. The Canadians sold theirs for more lucrative investments, and the USA hasn't bought any since the 1930's.

    It might be to diversify, but if that's the case all it's done is lose them schiffloads of money, anything's been a better investment than gold for the last few years, even a boring old term deposit.

    Gold coin sales at the US Mint have crashed, I can't figure out why you'd buy those either unless you're a serious collector. The US Mint sells them for a profit, it's a business.
 
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