Bank of Korea Buys Gold

According to the IMF, Bank of Korea is the fifth largest holder of international reserves.  Bank of Korea has purchased $1.24 Billion worth of gold over the last 2 months.  This is about 25 tons of Gold.

We are beginning to see more and more Central Banks joining in the GOLD bandwagon

So why are Central Bankers starting to buy gold? 
They are all preparing for the Falling US Dollar!

Have you bought your gold & silver?

Gold & Silver Price Outlook

Many have asked where gold and silver prices will go from here?  Short term, no one knows!
Yes, US is on the verge of signing into law to raise the debt ceiling, thus avoiding a default.  Will that lead to renewed confidence in the US economy and see prices of gold and silver to retreat?

However, the alternative view is then when all the euphoria of avoiding the default settles, investors will start to realise that more fiat currency would be printed.  This in turn leads to higher gold and silver prices.  I leave you a few links for your guidance:

Raising Debt Ceiling by $2.5 Trillion -  Gold to Surge to $1950


Interview with James Turk
Part 1



Part 2



Have a good day!