Friday, May 17, 2019

Central Banks Dump Dollars and Buy Gold


The world's central banks are on a gold buying spree. But this time the motivations of the buyers are different than they were in years past, and they are worrying. 

That's why investors should take note. In the past, central banks had to buy gold because of its vital role in the global financial system. 

Now they are choosing to do so because they are worried about the dollar. 

In other words, they've been scared into this bullion buying binge. I wonder if they know something we don't know?

- Source, David Morgan