If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy?

Has the time to sell gold now arrived?  Before you start dumping all of your gold, you might want to check out what central banks all over the globe have been doing.  There is some serious hoarding of gold that is going on.  For most of the past two decades, central banks have been net sellers of gold, but now many of them are gobbling up gold as fast as they can.  So why would they be doing this if gold was not a good investment?  Yes, we did see gold, silver and oil all take a very serious tumble today.  That is what happens sometimes – global financial markets are so unstable at this point that even a piece of relatively minor news can set off a bit of a panic in one direction or another.  But the long-term trend for gold has been up, up, up and it look like the central banks around the world continue to expect the price of gold to soar over the long-term. (Read More...)

Do NOT follow this link or you will be banned from the site!