Loading ...Back in 1997 or so, the man known only as ‘Another’ made some pretty incredible forecasts for future events surrounding gold. One thing he said would be that Central Banks would become major buyers of gold. This was nearly complete lunacy since at the times the CB’s were only net sellers of their gold supplies. That is one prediction tonight that we have seen come true.
And why are the banks buying the paper gold? Is there now already too many dollars chasing the physical ? Is this another sign that we are nearing the end of the price fixing of the PM’s ? One can dream. Gather the ounces while ye may.