Saturday, March 2, 2013

Assessing The Impact - On Gold Purchases, For Central Banks

The latest analysis involving of central bank reserve managers shows a major modification within their “official” reserve holdings. It appears this major modification extends well into the next decade. The change is a deliberate increase of gold accumulation within the holdings of central banks.

Currently were already seeing central banks acquiring larger amounts of gold bullion. Gold bullion reserves that were reported have surpassed 439.7 tons last year. This is seen as the largest annual increase in nearly 50 years, which does not include any major un-reported purchases during this time. It is well-known that many central banks have snapped up tonnage when market prices are at near bottoms on market corrections...


 

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