‘Central Banks have stopped selling their gold and have started buying gold’ CEO, of American Precious Metals Exchange, Michael Haynes tells CNBC. ‘Central banks believe gold has value and is an important asset to back up their economy.’ Haynes continues.
Whereas the US holds more gold than any other country, if you compare it’s holdings to the size of it’s economy, the US holdings per trillion dollars GDP is actually very small compared to other countries such as Germany, France and Switzerland.
What Will Happen to Greece and Gold? Continue reading
Gold and silver market morning report by Julian Phillips Continue reading
The video below references Mr. Bass’ research, which identifies problem countries and the importance of their balance of trade. Continue reading
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