why further qe is unlikely, page-42

Timber, central banks have ALWAYS thought gold is money, that's why they have so much of it and are buying more.

You say "For a government, buying assets that generate no tangible benefit is irresponsible financial management. ( I am inclined to think that the countries whose central banks are now buying gold are governed buy either fools or thieves.)"

No tangible benefit? How about a 500% rise in the past 10 years. How about backing their currencies with the world's most trusted, solid asset that anyone will lend against or settle any sovereign debt?

When the USD implodes, and the US economy goes completely belly up when it is found Fort Knox is full of gold-painted tungsten and incensed Americans take the streets armed to the teeth, we'll see who the fools or thieves are, and soon, probably by early next year.

You'll find IMO they're the same buck-toothed crooks running the US today and the banksters shorting gold and silver.

We gold and silver bugs will keep pointing out the folly of your ways until we don't need to, because just the price will...