Central bankers not selling, but needing to buy as life insurance in the context of ill paper currencies.

Brilliant point SKELEG! They have to be concerned that the total failure of paper currencies can result in a situation where all countries will be limited to how much currency they can have based on how much gold they have for backing. It matters not whether the currency is required to be 1% backed or 10% backed relative to a fixed gold price or gold certificate ratio. If a worldwide plan is instituted that requires currency accountability based on gold reserves, the countries will be scrambling to own gold.

I think the moves we have seen in that direction are just the beginning.

P.