Wednesday, May 8, 2013

Marc Faber : Western Central Banks still own the bulk of Gold in the World

Marc Faber : “Western central banks still own the bulk of gold in the world, and are well aware…[that] central banks in emerging economies, notably in Asia, are grossly underweight gold. So why would they depress the price of gold [as] a gift to the Asian central banks, to be able to buy [it] at a lower price? That I don’t [understand] entirely.” - in bullmarkerthinking


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