The Phaserl


Jim Willie: Did The Germans Pull The Plug On The SNB’s Gold Short Games?

from Mephistopheles Lux, via The Victory Report:

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1 comment to Jim Willie: Did The Germans Pull The Plug On The SNB’s Gold Short Games?

  • rich

    Kazakhstan’s Central Bank buying out all gold produced

    For the recent two years Kazakhstan’s Central Bank has been buying all the fine gold produced in the country, reported, citing Albert Rau, Minister for Investments.

    “Given the turbulent global economy condition, the National Bank has been buying out all the fine gold produced (…) annual production output stands at 22 tons a year”, Mr. Rau said, when presenting a draft law on precious metals and gems in the country’s Majilis (lower chamber).

    “As a rule, prices for gold grow amidst growing demand (…) the latter is normally driven by volatility of major currencies. Currently, the keen interest to gold is assigned to the weakening Euro. Gold is seen as a stable harbor”, he elaborated.

    When asked if the Government would allow gold smelters to sell gold to individuals after the country’s gold reserves are replenished, he answered “there’s never too much money in a family. In the same way, there’s never too much gold”.

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