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Central Banks added 477.2 metric tons of Gold ?
Gosh the governments want to go cashless but hoard gold and say it's a relic of the past for citizens to deal with in their busy lives of supporting their lifestyles!
Just trust us/them to establish the going rate for your local currency and be sure to pay your taxes so they can float their fiat debt system on their citizens while partying At Davos Switzerland every year [:D]
serf
http://www.bloomberg.com/news/articles/2015-02-12/central-banks-hungry-for-gold-bought-enough-for-75-dreamliners
Countries have bought 1,964 tons of gold over the past five years, equal to more than seven months of mine output, as they sought an alternative to currencies, according to the gold council report.
Just trust us/them to establish the going rate for your local currency and be sure to pay your taxes so they can float their fiat debt system on their citizens while partying At Davos Switzerland every year [:D]
serf
http://www.bloomberg.com/news/articles/2015-02-12/central-banks-hungry-for-gold-bought-enough-for-75-dreamliners
Countries have bought 1,964 tons of gold over the past five years, equal to more than seven months of mine output, as they sought an alternative to currencies, according to the gold council report.
Comments
Maybe because the fiat money they are using to buy the gold will soon become as valuable as toilet paper.
Now why would the Central banks buy gold???????????????
Maybe because the fiat money they are using to buy the gold will soon become as valuable as USED toilet paper.
Fix it for you.
Its at the value of toilet paper now.