Friday 17 August 2012

Gold: Retail investors vs. Central Banks................from Rico

Proving that the sobriquet "dumb money" is well earned, retail investors apparently still have not figured-out gold.
- They are not buying gold or gold miners, even at fire sale/bargain prices.

This is dumb.

Central Banks, however, are accumulating gold like crazy. Say what you will about them, these guys aren't dumb.
- They may also know exactly what is coming down the pike...

Ignore the words. Pay attention to the actions.

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