central bank gold-buying increases by 500%, page-3

  1. 5,301 Posts.
    Nectar states,

    Of interest, however, there was one group of gold-buyers whose appetite was nothing short of voracious in 2011: the world’s central banks. The entities who create the paper confetti in our wallets which they call “money” were busily dumping that paper to buy gold in 2011 – roughly 500% more than what they purchased in 2010 (from 77 tons to 440 tons).



    Its now 2012, did the central banks start distributing at the end of 2011??? What are they doing now??? Is that why gold has declined since the end of 2011??? I dont know but this link appears to scream ramp to me by the author (not Nectar)?? Good luck and DYOR
 
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