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Central banks look to have top-ticked gold (GLD), buying their largest amount of the metal since...

Central banks look to have top-ticked gold (GLD), buying their largest amount of the metal since 1964 in 2012, according to the World Gold Council. Many of the buyers are the same ones who sold during the nineties at less than $400/oz. Are they continued buyers on the dip this year?
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Comments (6)
  • youngman442002
    , contributor
    Comments (5129) | Send Message
    I think they are more worried about getting their hands on what they bought right now rather than buying more paper...Repatriate is the new word...bring it home...
    25 Apr 2013, 08:22 AM Reply Like
  • jooberdoober
    , contributor
    Comments (2) | Send Message
    Buying up gold like crazy at the manipulated price level, this is almost criminal and this is why they super wealthy stay that way.
    25 Apr 2013, 08:25 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2071) | Send Message
    All I can say is buy gold. You may be able to buy it lower for a short while, but it cannot last at these levels. Reasons would NOT fill volumes like other investment causes and effects. Just get some.


    Capt. Brian
    The Lost Navigator


    Life is a constant littany of redrawing plans, attacking in a new direction and tearing up one rough draft after another. Change is the only constant.
    Well, having gold being good has never been bad.
    25 Apr 2013, 09:31 AM Reply Like
  • tsajames
    , contributor
    Comments (51) | Send Message
    Thanks Captain, your advice as nearly always is well taken. Buy gold every chance I can get.
    25 Apr 2013, 07:38 PM Reply Like
  • comdytrd
    , contributor
    Comments (7) | Send Message
    Fade the banks.
    25 Apr 2013, 09:32 AM Reply Like
  • tsajames
    , contributor
    Comments (51) | Send Message
    Finally, a Ponzi scheme that backfired on these geniuses. They really thought the average Joe or Suzie Q, would have sold. Remember the headlines that caused the sell off. Well, ordinary citizens worldwide bought these precious metals. Why? Most don't believe the business/financial headlines in general. They tell us to buy stocks and yet the volumes remain at record lows. They tell us a main system went down because of a computer glitch. These powerful people have 1 serious problem. They are not in touch with reality or ordinary people. I guess my reality would change if I were buying yachts and mansions. Keep buying precious metals.
    25 Apr 2013, 07:21 PM Reply Like
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