GOLD 0.51% $1,391.7 gold futures

central bank gold-buying increases by 500%, page-23

  1. 5,301 Posts.
    Prospector my comments were purely in relation to the title of this thread. That being that in 2011 the central banks apparently increased there buying of gold by 500% compared to 2010.
    i then pointed out that gold reached its peak at the end of 2011 and hasnt been back there and has been dropping and trading sideways since.
    I made the obvious point that some one has been selling gold since it reached its peak. Ive made no assumption as to where the price is headed in the future. Yes i made a mistake in what price gold reached but as stated i'm offshore and the internet is incredibly slow so couldnt find that info.
    But it stands to reason if the central banks increased there buying of gold through 500% in 2011 and it has sinced peaked and the price has dropped, that those same central banks are now either selling or distributing that dold or have stopped buying??????
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.