Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

OK...I'll...

First 64639 Last

Share
Profile

Follow
Dentie

3,268 Posts.

955

18/01/20

17:30

Post #: 42452001
Share

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?
=================
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.......

Expand

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!
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 61,789 more messages in this thread...

First 64639 Last

Add GOLD (COMEX) to my watchlist