Thursday, October 25, 2012

Could The Central Bank Vaults Be Empty?

Is it possible that the vaults of the world’s central banks, believed to be stacked with gold bullion, are really empty? Is all the gold actually there?

Something about the numbers doesn’t seem to add up.

The U.K. has led the pack, up 362%, followed by the United States, which is up 223% — even before QE III. China is printing money as well, up 151% during the period, the European Central Bank, 146%, and Japan, 83%.

That’s a lot of money-printing.

http://etfdailynews.com/2012/10/09/could-the-central-bank-vaults-be-empty-gld-iau-slv-ugl/