Total Pageviews

Wednesday, April 27, 2011

Gold Bubble News.

  • From the World Gold Council:

  • By the end of Q1, ETFs held a total of 2,110.3 tonnes of gold worth US$97.6 billion, compared with the high of 2,167.4 tonnes at 31 December 2010, or US$97 billion – a modest net outflow in the quarter.

  • Central banks continued to be net buyers of gold in Q1 2011 with emerging market countries, including Russia and Bolivia, being among the key net buyers. As a group, the official sector holds 18% of all above ground stocks of gold.

  • Some Bubble. Central Banks are buying. Speculators are selling. That should tell you something.
  • No comments:

    Post a Comment