From Resource Investor:
Clearly, a reckless federal government is good for gold – or more accurately, our collective can-kickers in Washington, DC are very bad for the dollar. Take a look at the telling graph below.
Contrary to the disinformation campaign of Wall Street and their Federal Reserve sponsored economists, gold is not a bubble. Central banks are now net buyers of gold... and not because of tradition, as Mr. Bernanke would have you believe.
They are buying gold because...
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More on gold:
Top gold miner: QE3 could send gold to $5000, silver to $1000
Gold surges to new all-time high... Silver nears highest price in months
This "shadow gold price" shows just how high precious metals could go
View the original article here
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