from Dollar Collapse
Excerpted from Jay Taylor’s MiningStocks.com:
The insights below were gathered from an excellent article by Matthew Piepenburg of Matterhorn Asset Management on “the implications behind central bank gold purchases (rising), negative real yields (falling), and Stanley Fisher’s Fed-speak (cringing).”
Central Banks Are Buying Gold Like Mad! Why? You really need to watch what central banks are doing rather than what they are saying because, more often than not, their words are designed to get the masses to behave in a manner that best protects their shareholders and governments that depend on them. The least of their interests is the public as a whole. In the U.S., the Fed’s shareholders are major money center banks. So while the Fed and western central bankers show no desire to buy gold (although Germany demanded delivery of what they owned overseas during the last few years), nations that are building their gold reserves are those not aligned closely to the U.S. Empire.