Central Bank Buying is Well Disguised

Silver Bullets
  • When I Talk About "Follow The Big Boys"... There Is Nobody Bigger Than The Central Banks!
  • Just Do What They Do, Not What They Say...
March 7, 2013 8:09 am est

Why You Shouldn’t Be Selling Gold: Expert – As gold falls out of favor with investors in a “risk-on” trading environment, one expert says the market bears should think carefully about betting against the precious metal at a time when central bank demand for gold remains strong.

“When you see central bankers acquiring gold, you can kind of take it like this: You don’t fight in the stock markets when the Fed (U.S. Federal Reserve) is easing, so you wouldn’t want to fight the central banks when they’re buying gold, because they have deep pockets,” Philip Silverman, managing director at Kingsview Management in New York told CNBC on Thursday. Money printing will lead people to move money into gold as it is “ultimately a store of value.”

Read More Here