LadyLeo Offer Upgrade
User ID: 853309 United States 05/09/2011 12:52 PM Report Abusive Post Report Copyright Violation | If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? Has the time to sell gold now arrived? Before you start dumping all of your gold, you might want to check out what central banks all over the globe have been doing. There is some serious hoarding of gold that is going on. For most of the past two decades, central banks have been net sellers of gold, but now many of them are gobbling up gold as fast as they can. So why would they be doing this if gold was not a good investment? Yes, we did see gold, silver and oil all take a very serious tumble today. That is what happens sometimes - global financial markets are so unstable at this point that even a piece of relatively minor news can set off a bit of a panic in one direction or another. But the long-term trend for gold has been up, up, up and it look like the central banks around the world continue to expect the price of gold to soar over the long-term. The central bank of Mexico gobbled up almost 100 tons of gold during February and March alone. So how much is 100 tons of gold? more [ link to endoftheamericandream.com] |
Anonymous Coward User ID: 1376297 United Kingdom 05/09/2011 12:57 PM Report Abusive Post Report Copyright Violation | Re: If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? i made a thread on this the other day , they are cashing in before the big earthquake and distaters
after that its cashless system as all is reset , this is why they are cashing in ....
china has stopped selling oil and russia is next month , they are keeping there reserves and gold .... after the global cull of the huge desaster all will surface out of the holes and try to start again , but they will be culled .. |
winning
User ID: 1367920 Spain 05/09/2011 12:59 PM Report Abusive Post Report Copyright Violation | Re: If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? they are hoarding it to form the basis of a new currency after 'the event' ! When will they tell us? When they have to? When will they have to? When we figure it out. when else? |
Punk-A$$ets
User ID: 1107017 United States 05/09/2011 01:52 PM Report Abusive Post Report Copyright Violation | Re: If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? Not me. Not for a long while yet. In spite of the sell off, gold is still up for 2011. And it is up over $300 per oz in just 1 YEAR. Last Edited by Chucklebutt on 05/09/2011 01:55 PM |
The Watchmaker
User ID: 929829 United States 05/09/2011 01:53 PM Report Abusive Post Report Copyright Violation | Re: If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? TPTB have been know to do this right before a World War. Until our final breath The joy and pain that we receive Must be what we deserve I was brought up to believe |
LadyLeo (OP)
User ID: 853309 United States 05/09/2011 02:07 PM Report Abusive Post Report Copyright Violation | Re: If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy? Commodities Bull Market Alive and Well! [ link to usawatchdog.com] |