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Russian Central Bank Buys 100 Tons of Gold

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Wealth Cycles
November 16, 2011

We have said it before. We’ll say it again. Central banks buying gold is a game changer.

Unlike the 1970s bull market, in which central banks were net sellers throughout the bull market, in today’s gold bull, central banks are net buyers.

The latest thread in this story is Russian Central Bank is buying 100 tons of gold in 2011.

(Russian Central Bank Gold Reserves Since 1993)


This article was posted: Wednesday, November 16, 2011 at 4:43 am

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