Central banks worldwide buying up massive amounts of gold in a shift away from US dollar

[MindWars]

Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs
Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal.

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Past Presidents put tape over this bs and they know this its been covered up for decades...

 

[Oddball]

Been stockpiling junk silver coin since the 1990s.

 

[LA RAM FAN]

Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs
Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal.

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Past Presidents put tape over this bs and they know this its been covered up for decades...

Yeah they know the dollar is going to vanish soon.they know better

 

[sealybobo]

Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs
Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal.

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Past Presidents put tape over this bs and they know this its been covered up for decades...

Somebody's been on a gold-buying bender. Why? - Marketplace

The amount of gold changing hands has doubled in each of the past two quarters. There are several reasons countries might stock up.

www.marketplace.org

Somebody or something out there has been buying a lot of gold — 400 tons of it in the third quarter, more than $20 billion worth at today’s price.

That’s double the amount that changed hands in the second quarter, and more than quadruple that of the first quarter, all according to the World Gold Council.

Central banks bought a quarter of it, but the rest? Nobody knows. Maybe some country or countries. But who? And why?

Gagnon thinks it’s Russia, others suspect China — may be doing it to evade the long arm of the U.S.