If one looks on the other side, and if the headlines were to read something as follows: "XXXXXX eagerly buys 100 Tons of French offered gold at $400/oz for investment purposes."
The buyers are never disclosed, no interviews, no reason why, yet the sellers get the headlines.
But I really don't know why there is any gold at all in any of the C.Bs. Gold only covers a tiny fraction of the fiat money they print, and if there is a collapse in the monetary system, the little gold they have won't bail them out anyway. All nations on earth are wedded to the printing of mountains of money and credit, be they dollars, yen, yuan, euros, etc. etc. etc. The answer of course is it is all a confidence game, a facade, and the very little gold they have is touted as evidence and an anchor of their solid sound monetary reserve.
With a pure gold standard, all the accumulated world debt would not be possible, and where would we be then? |
