“Fed Policy, Emerging Market Inflation Keep Gold’s Buzz in 2011” – Forbes
“Another source of demand could be central banks. The IMF’s sales quota will run its course and possible sellers like the German Bundesbank and the Swiss National Bank have said they have no intention of unloading bullion, HSBC says. Meanwhile, Asian central banks, particularly China and India have developed a greater appetite for gold in recent years as a means to diversify away from the U.S. dollar – I wrote on this in November 2009 and a month ago my Forbes colleague Bob Lenzner confirmed the trend hasn’t let up.” Read more.
“Fed Policy, Emerging Market Inflation Keep Gold’s Buzz in 2011”
Steve Schaefer
Forbes, January 5, 2011.
Image by Filomena Scalise / FreeDigitalPhotos.net.
