Central banks have been on a gold-buying spree. In June, the world’s central banks bought a net 55 tons of gold. China and Russia and the other BRICS nations have been moving toward gold and silver. Even Tanzania’s central bank is making a move, creating their first “National Gold Reserve.”
Why are central banks buying gold?
And why now?
One commentator has an answer: Insurance and control. Gold is insurance against the world financial system falling apart. And if the system falls apart, those with the gold will be in control. With the world’s financial system under stress, a lot of regular people are looking at the same strategy — they want to get their hands on physical gold and silver. So many Americans […]
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