Weak to strong hands – Pt 2

Posted | 23/07/2013 / Views | 1228
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Further to yesterday (and last Friday), the other facet of weak hands is the apparent way in which western central banks have been leasing their gold to bullion bank trading houses; so much so that they may have little left.  We have posted an excellent article on our website that outlines how this might be unfolding, triggered by Germany’s central bank asking the US for its stored gold back, and possibly the root cause of a manipulated price plunge to restock what’s not there at lower prices.  Weakness and greed are a dangerous mix, especially in a central bank, and especially in contrast to strong eastern counterparts building a real balance sheet of gold.