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<p>[QUOTE=&quot;Suzanne1, post: 1996261, member: 72404&quot;]<font size="3"><font face="arial"><span style="color: #000000">Have you ever heard of gold hoarding?&nbsp; China and India central bankers have been doing it for a long time.&nbsp; More recently, we can add Korea, Turkey, Russia and Ukraine to the list of world bankers that are aggressively buying up gold.&nbsp; Charts do not lie.&nbsp; We are on to them.</span></font></font></p><p><br /></p><p><font size="3"><span style="color: #000000"><font face="arial">Matthew Boesler of BusinessInsider.com crunches the numbers by stating:&nbsp; &quot;On the other hand, official sector purchases soared in the second quarter, with central banks around the world scooping up 157.5 tons of gold. That number marks a 62.9 percent increase from the first quarter and a whopping 137.9 percent increase year-over-year.&nbsp; </font></span><span style="color: #000000"><font face="arial">It is also the most gold central banks have bought up in a single quarter since the WGC started tracking the numbers in the Q2 2009.&quot;</font></span></font></p><p><br /></p><p><font size="3"><span style="color: #000000"><font face="arial">Here is Matthew Boesler&#039;s chart showing how much gold central bankers are buying compared to 2007: </font></span></font></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/e3541ba4.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3">There can only be two possible explanations for the central bankers&#039; gold buying spree:&nbsp; (1) The US dollar and/or Euro are&nbsp; about to collapse, or (2) The price of gold is getting ready to soar higher.&nbsp; We may even entertain the possibility of both happening.&nbsp; Ironically, gold prices around the world are already sky high.&nbsp; The following charts, courtesy of I.M. Vronsky of Gold-Eagle.com&#039;s research on StockCharts.com, &quot;show <font size="3"><font face="arial">gold prices in ALL major global currencies recently made record highs:&quot;</font></font></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><span style="color: #daa520"><font size="5"><font face="arial">US Dollar gold price</font></font></span></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/223f3f69.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><span style="color: #DAA520"><font size="5">Euro Gold Price</font></span></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/d5203a6d.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><span style="color: #DAA520"><font size="5">Chinese Renminb price</font></span></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/ab37f089.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><span style="color: #DAA520"><font size="5">Japanese Yen gold price</font></span></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/cb38273d.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><font size="5"><font face="arial"><span style="color: #DAA520">Pound Sterling gold price</span></font></font></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/e75c8371.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><span style="color: #DAA520"><font size="5">Swiss Franc gold price</font></span></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/fe7a3f9f.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial"><font size="3"><font size="5"><font face="arial"><span style="color: #DAA520">Canadian dollar gold price</span></font></font></font></font></span></p><p><span style="color: #000000"><font face="arial"><font size="3"><img src="http://i1265.photobucket.com/albums/jj514/BloggerDiva/a9966d9e.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></font></span>[/QUOTE]</p><p><br /></p>

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