WGC CEO: Central Banks Will Become Net Buyers of Gold

Anecdote:

Brown’s Bottom: Gordon Brown sold half of Britain’s gold reserves at the bottom of the gold market.

Gordon Brown’s decision to sell half of the UK’s gold reserves ‘cost UK £5billion’

People will say that Gordon Brown was just a terrible investor/market timer, but that gold was bought by the elite at rock-bottom prices, so Gordon Brown (like Barack Obama) is the perfect puppet of the elite.


10-year-gold

Nov. 2 (Bloomberg) — Central banks will become global net buyers of gold, the World Gold Council’s chief executive officer said today at a conference in Edinburgh.

“I believe that central banks will be net buyers over time,” Aram Shishmanian told the conference.

Last Updated: November 2, 2009 06:44 EST

By Nicholas Larkin

Source: Bloomberg

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