GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, June 20, 2012

Emerging Markets Central Banks Hoarding Gold

There were strong buying from the central banks of some emerging markets of Gold , particularly from China Mexico and The Philippines , these central banks tend to use their large foreign exchange surpluses and prefer to hoard gold instead of the US Dollars or other fiat currencies

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