“The central banks that are buying are not in the West. They are in the East. The list of buyers indicate what is happening. In July 15 central banks were buyers. Turkey and Russia bought. So did Kazakhstan. Turkey is now #11 in world gold reserves: up to 464 tonnes. A year ago, Turkey adopted a new policy. It lets commercial banks store some of their reserves in gold. The numbers are small. The pattern counts. When central banks sell gold, other central banks buy it, plus a little more. This indicates a shift of opinion. Central bankers want more of what Keynes called a barbarous relic in their vaults — or at least in their pile of gold bars in the vault of the New York Federal Reserve Bank.”
http://teapartyeconomist.com/2013/08/28/central-banks-bought-gold-others-sold/
Tip Freedomwat.ch Staff with Bitcoin