Two Gold Charts That Have Western Central Banks Panicking!
SilverDoctors.com
February 21, 2016
There’s been a SIGNIFICANT trend change in the gold market and it has the Western Central Banks worried.
To get an idea just how significant the trend change of net physical gold investment has been over the past several years, I created the chart below:
From the SRSRocco Report:
Before the collapse of the U.S. Investment Banking system in 2008, annual net physical gold investment was negligible. However, the present situation has changed considerably, putting severe stress on Western Central Bank policy makers.
Prior to 2008, many Central Banks (mostly Western) were net sellers of gold into the market. This official Central Bank policy was designed to keep the gold price from moving up higher. According to the figures from the World Gold Council, from 2003 to 2009, net sales of Central Bank gold totaled 2,846 metric tons (mt), or 91.5 million oz (Moz):
The Rest…HERE
