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Message: Central Banks to hold rather than sell gold

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Central Banks to hold rather than sell gold

posted on Feb 03, 09 05:25AM

So it's not rash speculation to suggest that central banks will prefer to hold on to their gold this year – rather like the increasing (if small) number of private individuals – instead of selling it. As competitive currency devaluations sweep the globe in an all-out effort to fight asset deflation and recession, we think gold will become much more desirable as a reserve asset worth owning, not selling for cash.

Full article:

http://www.commodityonline.com/news/...

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