Another Central Bank Buys Gold

from King World News

Another central bank is buying gold.

April 7 (King World News) – “The appearance of global spikes in govt. debts or inflation concerns further increase the importance of gold in national strategy as a safe-haven asset and as a store of value. As a result of this decision, the country’s gold reserves have been raised from 31.5 tons to 94.5 tons.” — Hungary National Bank

Peter Boockvar: After hearing from Fed President Mester Monday and Kaplan today with Evans and Barkin also speaking today, there is still no direct commentary from them on the red hot US housing market. In fact, what we’ve heard so far is that the economy still needs the same level of policy accommodation which implies that Mester and Kaplan wants to continue to throw gasoline on the housing market.

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