Quote from: miscreanity on August 23, 2011, 06:19:09 PM

Magnitude 5.9/6.0 in Virginia.

On-topic: Kazakhstan Central Bank: To Buy All Locally Produced Gold

More fuel for the fire, further decreasing the supply of gold in the face of increasing demand. Physical value will rise even if paper value declines (because it is not and eventually will not acquire physical). The real issue now is what to do on a global basis to slow the rise of gold, not just in the US.

I should also clarify that the QE we'll see beginning this year will not be direct money printing, but more along the lines of the repo market contracts described by Alasdair Macleod.

so the fact that Gordon Brown sold the BofE's gold in 2000 and that the central banks of the world were selling for most of the noughts while i and the smart money were buying means now they're correct and we should follow their lead?