Friday, May 13, 2011

Central Banks (besides ours) Continue to Re-monetize Gold

Central banks have turned into net buyers of gold in the last several years. Instead of attacking the yellow relic, they are buying it by the ton to use it as reserves--the money that backs the money, in the banking system.

Central Banks Purchase 127 Tons Of Gold In Q1 | zero hedge: www.zerohedge.com/article/central-banks-purchase-1...ld-q1
http://chum.ly/n/8ddae2

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