Saturday, April 13, 2013

SILVER CORRECTION / CENTRAL BANKS BUYING GOLD

http://www.silverseek.com/article/historical-perspective-precious-metal-price-correction-10906 


AS WE CONTINUE THE GOLD AND SILVER CORRECTION OR SLAMS IN THE MARKET PLACE (MANIPULATION) THE CONTINUED DEMAND FOR THE PHYSICAL SILVER AND GOLD BY CENTRAL BANKS CONTINUES TO INCREASE  (THESE ARE COUNTRIES BUYING PHYSICAL METAL TO HEDGE AGAINST PAPER CURRENCY INFLATION - AKA LOSS OF PURCHASING POWER) GNS-RESEARCH

http://seekingalpha.com/article/1338861-central-bank-buying-of-gold-is-a-double-edged-sword?source=google_news

"Philip Silverman, managing director of Kingsview Management in New York, advised investors not to bet against gold last month because central bank demand remains strong. According to the World Gold Council, central banks' gold purchases in 2012 were the highest for nearly 50 years, as banks sought to diversify their reserves.

'You don't fight the stock markets when the Fed is easing, so you wouldn't want to fight the central banks when they're buying gold, because they have deep pockets,' Silverman said".

AUDIO: FROM FROM ANDREW MAGUIRE ABOUT CENTRAL BANKS
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/4/13_Andrew_Maguire.html

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