European Central Banks Halt Gold Sales

For the first time since 1964, global central banks are net buyers of physical gold, rather than sellers of physical gold. In my mind, that speaks volumes. They must no longer trust their own paper currencies! How predictable! Add the European banks to this list of halting their physical gold selling. Read this article here to become fully informed. The reasoning given in the article?

“The shift away from gold selling comes as European central banks reassess gold amid the financial crisis and Europe’s sovereign debt crisis.”

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