Hi all: I don't post much, but this was too good to let go unnoticed: https://www.bullionstar.com/blog/ko...old-report-just-before-swiss-gold-referendum/ When a massive entity such as a bank like this, produces the statements like they have, you know that they are very likely doing the exact opposite. I feel terrible for the poor lemmings who read this stuff and believe it. It wasn't long ago, Greenspan was busted for saying gold is the ultimate store/exchange of wealth: When for years as head of the FED the sprouted that PM's were a waste of time effort and capital. Now he asks why are central banks buying gold when it's costly to store and ship, and has no return: Because it's the ultimate store/exchange of wealth. Good luck.
Thanks Willrocks. I think they messed up point 6: It should read: There is no economic or financial case for a central bank.
I see plenty of perma-bears on this forum spewing the same kind of BS... There is a glut of silver, dont you know? :lol:
My reaction was similar to Putin's reaction here: [youtube]http://www.youtube.com/watch?v=ZjmiyOgO66g[/youtube]