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Dentie

3,273 Posts.

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18/01/20

17:30

Post #: 42452001
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Originally posted by Skol: ↑

Question for you Skol...why do you think central banks are in the middle of buying the biggest amount of gold they have ever purchased?
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I very much doubt that's the case, and as usual you haven't provided any evidence.

The only countries buying gold are third world countries like Poland, Russia and Kazakhstan. And the amounts are so infinitesimal it wouldn't make the slightest tiniestr difference to their GDP's.

It's all a goldbug generated load of BS.

As other assets make new highs every week, who would buy something that made its last high in 1980, and it's got no dividend. A bit of a gamble on mining stocks is fun, but gold bars.... that's for the.......

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OK...I'll bite...

https://fee.org/articles/central-banks-are-purchasing-gold-at-record-highs-why/

Now you provide me evidence that they aren't!
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