Central Banks Buy the Most Gold Since London Gold Pool Collapse in 1968.
- Thread starter Goldbrix
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Macroscope | Central banks rush to gold as fears of US dollar crisis mount
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion.
www.scmp.com
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India Is Trading In U.S. Treasuries for Gold
An economist at IDFC First Bank told The Times of India that it's clear the Indian central bank has been diversifying its reserve holdings away from U.S. Treasuries.
goldseek.com
SilverStacker
Ground Beetle
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Yowzey. This kind of hysteria makes me think gold is just going to keep climbing.
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India Speeds Up Efforts to Bring Its Gold Home
According to a Bloomberg report, the Reserve Bank of India repatriated 64 tonnes of gold through the first six months of its fiscal year, which began in April.
goldseek.com
Central bank gold buying is symptomatic of deleverging the $USD, specifically USTs. I wouldn't buy a 30 year bond if you put a gun to my head, kidnapped my president or bombed my country.
Good as the full faith and credit of the US government or how far the military will take it.
Good as the full faith and credit of the US government or how far the military will take it.