“Based on current data, the net increase in central bank gold buying for 2012 was 14.8 million troy ounces – and that’s before the final 2012 figures are in for all countries.  This is a dramatic increase, one bigger than most investors probably realize. To put it in perspective, on a net basis, central banks added more to their reserves last year than since 1964. The net increase – so far – is 17% greater than what was added in 2011, which was itself a year of record buying.  Whatever gold’s price movements, positive or negative, central bank officials have continued adding a lot of ounces to their reserves.”

http://www.caseyresearch.com/articles/whom-believe-gold-central-banks-or-bloomberg

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