Gold Demand Increased on Purchases by Central Banks & Europe

Nov 17, 2011 06:58

If you believe the official line about QE not having any potential inflationary repercussions, or that the mess in Europe should stay contained, I think it might be fair to say that one only has to watch where the Central Banks, themselves, are putting their own money!

CNBC
Gold Demand Up 6% in Third Quarter as Central Banks Buy

Demand for gold rose by 6 percent to a 1-1/4 year high in the third quarter of 2011, driven by central bank purchases and European demand for bullion against the backdrop of the escalating euro crisis, according to a report on Thursday...
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global financial trainwreck of 2007-?, gold standard, gold, quantitative easing, inflation

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