Cetral Banks buying up gold...

Discussion in 'Coin Chat' started by mrbrklyn, Aug 16, 2012.

  1. mrbrklyn

    mrbrklyn New Member

    http://www.centralbanking.com/centr...entral-banks-make-record-gold-purchases-in-q2
     
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  3. KoinJester

    KoinJester Well-Known Member

  4. desertgem

    desertgem Senior Errer Collecktor Supporter

    Come on Ruben , read the whole article being referred to , rather than the synopsis from the source you gave the URL. Both of these 2 sites are so pro pumping gold, they need some reality check.

    So , how about this part of the World Gold Councils report that the other site "edited"


    http://www.foxbusiness.com/news/201...l-bank-gold-demand-doubles-in-second-quarter/

    SO central banks bought a lot of gold, but it still didn't cancel out the 7% global decrease in gold demand, Thus an article which seems to infer an increase in gold demand is actually the bright spot is a dismal demand. So where did they buy the gold?? That much should have sent the price much higher. Don't fall for the smoke and mirrors my friend. IMO.

    Jim
     
  5. mrbrklyn

    mrbrklyn New Member

    Hey - I was actually only interested in the part that the German Government was buying gold for commemorative coins. Anyway - don't shoot the messenger.
     
  6. mrbrklyn

    mrbrklyn New Member

    Besides, you and I were the only people who read that article.
     
  7. desertgem

    desertgem Senior Errer Collecktor Supporter

    Well, I must admit, I wouldn't have read it, if you didn't point it out :)
     
  8. chrisild

    chrisild Coin Collector

    Quite possibly so. For me there is no article at that URL, just the note "Start a FREE trial or subscribe to continue reading". Guess your note was not a prompt to subscribe, hmm? ;)

    Christian
     
  9. Copper Head

    Copper Head Active Member

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