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Strategies & Market Trends : Ride the Tiger with CD
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kidl
To: polarisnh who wrote (239699)1/10/2016 5:18:39 PM
From: teevee1 Recommendation  Read Replies (1) of 313095
 
central banks are sitting on the equivalent of about 50 years gold production. Central banks are also the largest buyers. Who do you think gold miners sell their gold to? If central banks got out of the gold buying business, and sold off their holdings, who knows how low the price would go. IT IS CENTRAL BANKS THAT SUPPORT THE PRICE AS HIGH AS IT IS.
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