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<p>[QUOTE=&quot;desertgem, post: 1654003, member: 15199&quot;]<blockquote><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; F</p><p><br /></p><p>Foreign central banks do not usually buy on the open market where most of us do, usually it is one central bank buying from another on good &#039;paper&#039; terms.&nbsp; </p><p><br /></p><p>Banks can hold gold as assets, but they must declare it in the SEC quarterlies/yearly, and I haven&#039;t seen any so far. If there was, a bullion blog would have tooted it to the world. Banks are quite happy with cash at the time.</p><p><br /></p><p>China encourages it citizens to buy gold through their BOC, where cash is deposited , coverted to gold at going rate plus %, looks good in the account, but if you read the BOC website, if the customer wants it back, they don&#039;t get gold metal, they get a converted amount in paper minus a rather large % for withdrawal. Silly customers, they are in an &#039;ETF&#039; of sorts</p><p><br /></p><p>&nbsp; </p><p><br /></p><p>Yeah and it has decreased the price of PM due to strengthening the USD, and might do so even worse in the future~ even chance.</p><p><br /></p><p><br /></p><p><br /></p></blockquote><p><br /></p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp; If gold becomes a terrorist weapon/scenario, then yes there may be fear of the Gov taking everyones gold more than just the conspiracists, but that doesn&#039;t look realistic at this point. </p><p><br /></p><p>One can look and hope for reasons to occur, but we small timers, stackers and bullion lovers. have little impact on the movement of gold. We are along for the ride and which direction is anyones guess, including the commercial pundits. IMO.[/QUOTE]</p><p><br /></p>

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