inflation ?, page-9

i would be interested to know if central banks were really net sellers of gold (physical) or if they are simply clearing their books of past gold leasing transactions. the argument they have always given for selling gold is that it is an underperforming asset. nowdays that does not hold true. in an environment of competitive devaluation it makes no economic sense to dishoard gold. as greenspan once said it is the ultimate form of payment.

physical silver i am quite bullish on (have got quite a few 1kg paperweights) but i have changed by opinion a bit on silver miners. the only silver pureplay on the asx is mmn whose performance this year has been disappointing to say the least. i held them long past my stoploss and ended up losing quite a bit on them. i would need to see a definate breakout and some decent volume before getting back into them. i think there will be at least another capital raising before they ever get that mine going. we all know the silver markets rigged but i get the feeling it can stay rigged for a lot longer than my patience can endure.