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Blog Archive ? Central bank gold buying at 40-year high

-- expats
Forum Post
11/17/11 10:35
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Blog Archive ? Central bank gold buying at 40-year high

Thank author of this post/comment17-Nov (Financial Times) - Central banks made their largest purchases of gold in decades in the third quarter, as a sharp drop in prices in September accelerated the shift to bullion as a means of diversification. The scale of the buying, at 148.4 tonnes on a net basis, was far bigger than previously disclosed, surprising some traders. ...The WGC declined to identify of the central banks behind the majority of the buying citing "confidentiality restrictions", saying only that " a slew of new.

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