Skol, but it doesn't answer my simple question: I didn't ask whether they gained or lost by holding gold. I didn't ask for a personal appraisal of their character. What I asked was WHY is 30% of the worlds gold held by central banks. You've answered (sort of) why maybe 4% is held by the Federal Reserve, but not why the other 26% is held by numerous other CB around the world, and why countries such as China and Russia and the IMF continue to buy....dont please insult my intelligence, by telling me they aren't or that its for traditional reasons.
i'm quite determined on this point. If you or SG can't give me a straight answer to what seems like a reasonable question, i will take it that you don't know, in which case your arguments against gold going forward, quite simply, lack credibility.
Nothing personal, but if you continue to diss on gold and gold bugs in the way you do, at least have the courtesy to engage in sensible discussion on the matter. So far all I've heard from you is that we are all doomed and gold is a worthless relic going to zero. Not much of an argument.
Add to My Watchlist
What is My Watchlist?