Central Banks (besides ours) Continue to Re-monetize Gold

Central banks have turned into net buyers of gold in the last several years. Instead of attacking the yellow relic, they are buying it by the ton to use it as reserves–the money that backs the money, in the banking system.

Central Banks Purchase 127 Tons Of Gold In Q1 | zero hedge: www.zerohedge.com/article/central-banks-purchase-1…ld-q1

Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: