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mgadams
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Forget Germany, Check Out Turkey's Central-Bank Gold - Adrian Ash - Bulllion Vault

I'm not an economist, although frankly look at the *hit were in because of economists anyway but I have a question.
From many of the articles I've been reading on here it seems as though there are a lot of commercial and central
banks buying gold and the price is going down, how can this be? I'm familiar with the various theories about price manipulation
and so on but it seems to me that this must be occurring on a massive scale to counteract what must be an increasing price.
Anyway if anyone can enlighten me I'd be grateful.
Cheers
M

Commented 4104 days ago

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Beginning of the headline :Now here's a central bank really putting gold to good use... AMIDthe brouhaha over Germany's gold reserves at theBundesbank, there's another central bank using gold actively to bolster its currency and financial stability. The strategy looks the same – sitting on big stockpiles of the stuff. But the aim differs, because gold is much closer to the everyday financial system... Read More

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