A recent article written by Eric Sprott titled "Do the central banks have any Gold left" (available on www.sprott.com) formed part of the presentation, outlining the enormous acquisition of Gold by China, last year buying 10 per cent of the World's Gold supply, eclipsing the previous years buying by 5 times. He drew attention to the point that the supply of Gold has not gone up in the last 13 years, and the demand for, and aquisition of Gold, is increasing.
Where is the Gold coming from? Is it that the Central Banks are selling their Gold, with statistics on production and gold buying indicating a shortfall that cannot be explained..."
- Read the full article and view the presentation video here: