Saturday, June 9, 2012

Barron's: Its Back to the '60s As Central Banks Embrace Gold

By SIMON CONSTABLE

Big changes are afoot in the gold market. The short take: The new environment will favor long-term investors who buy and hold for years over speculators who try to trade day-to-day gyrations.

For one thing, central bankers are back buying gold. Think it's no big deal? The last time we saw the so-called official sector as such a consistent and major buyer was in 1965. See original post here.

Photo by Zlaťáky.cz on Unsplash

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