Central Banks Buy the Most Gold Since 1964

[green73]

Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on record. Global gold demand in the fourth quarter of 2012 was up 4% to 1,195.9 tonnes.

Central bank buying for 2012 rose by 17% over 2011 to some 534.6 tonnes. As far as central bank gold buying, this was the highest level since 1964. Central bank purchases stood at 145 tonnes in the fourth quarter. That is up 9% from the fourth quarter of 2011, and the eighth consecutive quarter in which central banks were net purchasers of gold.

cont
http://247wallst.com/2013/02/14/central-banks-buy-the-most-gold-since-1964/

[paulbot24]

Right now, somewhere, Krugman is reading this article, totally confused, and thinking to himself, "why go through all that trouble with those heavy bricks and annoying purchase reports when you can just print Benjamins?"

[ronpaulfollower999]

Never before seen footage from Fiddler on the Roof:


http://www.youtube.com/watch?v=6-I1mugY5Ds

[paulbot24]

It's almost as if they realize they're going to have to actually prove they have it someday.....Then again, if by some odd chance it is not all there, they'd probably just blame fundamental militant brown people and open up some fresh mines with some warheads.

[BAllen]

Right now, somewhere, Krugman is reading this article, totally confused, and thinking to himself, "why go through all that trouble with those heavy bricks and annoying purchase reports when you can just print Benjamins?"

Because they print the money to buy the gold with.
;)

[paulbot24]

Because they print the money to buy the gold with.
;)

LOL

[HOLLYWOOD]

Because they print the money to buy the gold with.
;)yes indeed... especially since THE FED is taking 7 years to BUY return Germany's gold.


When all is said and done, the FEDERAL RESERVE et al banksters(secretly) will buy as much GOLD reserves as possible before the ink & paper notes become toilet paper. The people will be broke and the FEDERAL RESERVE (bankers and their partner's in crime, government) will be holding all the real wealth.

They maintain their power and hence control over the people... now where is that video clip from the movie DUMB & DUMBER with the IOUs?

[Zippyjuan]

Total global gold reserves for counties totals about 35,000 tonnes. http://en.wikipedia.org/wiki/Gold_reserve 534 tonnes would represent an increase of 1.5% on a global basis. (The US is the largest holder with over 8,000 tonnes).

[Zippyjuan]

yes indeed... especially since THE FED is taking 7 years to BUY return Germany's gold.


When all is said and done, the FEDERAL RESERVE will buy as much GOLD reserves as possible before the ink & paper notes becomes toilet paper. The people will be broke and the FEDERAL RESERVE (bankers and their partner's in crime, government will be holding all the real wealth.

They maintain their power and hence control over the people.

The Federal Reserve doesn't own any gold. US gold technically belongs to the US Treasury though the Fed does store it for them (and other countries as well).

[presence]

Globalized Private Central Banking Cartel Buys the Most Gold Since 1964

fixed


see thread:
World Bank: DOCUMENTARY: All Wars are Bankers’ Wars (http://www.ronpaulforums.com/showthread.php?404605-DOCUMENTARY-All-Wars-are-Bankers%E2%80%99-Wars)

[paulbot24]

yes indeed... especially since THE FED is taking 7 years to BUY return Germany's gold.


When all is said and done, the FEDERAL RESERVE et al banksters(secretly) will buy as much GOLD reserves as possible before the ink & paper notes become toilet paper. The people will be broke and the FEDERAL RESERVE (bankers and their partner's in crime, government) will be holding all the real wealth.

They maintain their power and hence control over the people... now where is that video clip from the movie DUMB & DUMBER with the IOUs?

Yes, but the Germans want their gold that is in French vaults NOW. What did I just hear about the French doing the other day....Something about troops in Mali, Africa's third largest gold producer.....that wouldn't have anything to do with any of this would it....?

[Zippyjuan]

Germany has about 300 tonnes in France (and about 1500 tonnes in the US) and wants it back over seven years (about 300 tonnes from each country including all of their French stock). Their total gold reserves are about 3,400 tonnes so their French gold is about ten percent.

[dannno]

LOL

Not funny.