Central banks hint: It’s not too late to buy gold
SAN FRANCISCO (MarketWatch) — Central banks in emerging markets have decided that it’s not too late to join gold’s party.
South Korea and Mexico are among the nations whose central banks have been ramping up gold holdings lately — and they’re willing to pay the highest-ever prices for an ounce of gold to do it, even though gold’s latest rally began more than a decade ago.
The purchase by South Korea, a country which relies heavily on support by the U.S. government, is “significant, as it represents the first purchase of gold by the East Asian country in over a decade,” said Nick Barisheff, chief executive officer of Bullion Management Group Inc. “It would seem South Korea has joined the ranks of those countries that have lost faith in the U.S. dollar.”
And “it is no coincidence that many of these central banks are from emerging-market economies,” he said. “Many of these countries have experienced the grim reality of enduring a currency crisis first-hand.”
www.marketwatch.com/story/...old-2011-08-05?link=mw_home_kiosk
es hat ja wer gesagt, dass das meiste gold von staaten gehalten wird. ja. und es wird mehr. warum?
citi 52 wochen tief.
in ben i trust and so should you!
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