Thursday, March 7, 2013

Korea Joins Russia, Kazakhstan in Boosting Gold Holdings

Yes, central banks are buying gold at a record pace.  And just because George Soros is selling his GLD ETF holdings (paper gold), doesn't mean he isn't accumulating the physical metal.  This is just another head fake by the media attempting to scare weak hands out of their physical gold holdings.  Oh, and Goldman Sachs is telling clients gold will decline.  That's a contrarian signal that it's time to buy.  After all, we all know how Goldman Sachs takes care of their clients above their own proprietary trading, right?

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