Goldtent TA Paradise

Central Banks & Gold

1. Farmer says:

   April 24, 2025 - 6:47 am at 6:47 am

   There has been a longstanding practice that Central Banks do most of their gold buying at price tops and most of their gold selling at bottoms. I always chalked it up to the fact that they are human just like the rest of us and get the trade wrong for emotional reasons. One such example is the Bank of Englands Chancellor of the Exchequer, Gordon Brown selling his nations gold reserves heavily into the absolute bottom around the year 2000. Another is Canada selling off its gold years later. So we can’t use a chart like yours to prove anuything about golds price except the opposite of what you assume. The Central Banks are contra indicators of future prices.

   • Fullgoldcrown says:

     April 24, 2025 - 8:32 am at 8:32 am

     Which means the Top will be in when the CBs own 25% of the worlds gold as they did in 1980 when the top was in…LONG WAY TO GO

     Great Graphic HR

     • Highroller says:

       April 24, 2025 - 9:12 am at 9:12 am

       They create the top. How many average Canadians can afford $5k for a coin ? Just look at the pathetic performance of the miners for a start. Why are other countries moving gold to USA such as the Swiss banks then? They smell the war as Nato controls Z and every peace deal bought to the table gets shunned.Sir Farmer , do you really think all the world debt is rosey ?