Central banks have been big buyers of gold for over 10 years. Here is why they do it.
A number of central banks have loaded up on gold in the last year, according to data from World Gold Council. Central banks own gold as part of their portfolios, which include foreign exchange reserves.
Oh ya 4 year ago
Gold is the only true money . Paper currancy is nothing more than a IOU . it says that right at the tip of every US bill .Federal Reserve Note = IOU.backed by nothing more than a bankrupt goverment .gold on your hand has no counter party risk .all paper money has counter party risk and since 1913 paper currancy has lost 98% of its value against gold