Gold Price November 2009
05 / Aug
Why central banks buy gold?
I just read an article on the website of The Guardian of November 25, 2009, the price of Gold rises suddenly, saying that "the center banks net sellers of gold once, have begun to buy back the metal." I wondered what are the reasons for this were? Thanks
Currencies are seriously affected by the banking crisis that is causing you to be devalued. Gold is a stable and reliable preserve the value and the devaluation of the currency quickly removed and replaced by gold, the sooner the bank can feel confident about preserving their wealth.
Marc Faber Gold and Zero rates
