The Traderszone Network

Published in TZ Latest News 2 March, 2016 by The TZ Newswire Staff

Global Central Banks Continue Longest Gold-Buying-Spree Since Vietnam War

While “greed was good” in the ’80s, it appears “gold is good” in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers of gold for eight straight years, according to IMF estimates, the longest streak since the first troops were deployed in The Vietnam War.

 

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