https://www.thestreet.com/investing/central-banks-embracing-gold-14946561
He notes that the volume of gold purchased (715.7 metric tons) by such institutions (emerging market Central Banks) over the most recent four quarters was higher than for any calendar year since 1971. That was when President Richard Nixon pulled the U.S. off the gold standard monetary system at a time when gold was worth $35 a troy ounce. (when he defaulted on payments of gold for US dollars)
(attributed to Alistair Hewitt ? director of market intelligence at WGC in London)
The emerging Central Banks are doing there thing, we just need MOY to get things running smoothly and keep mining that lustrous metal!
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