The Reverse Of Central Bank Gold Flows Spells The Death Of The Dollar : SRSrocco Report.
Something BIG changed after the collapse of the U.S. Investment and Housing Markets as a huge crack in the Fiat Monetary System took place. After the world nearly disintegrated under the debt-based U.S Dollar system in 2008, some of the Central Banks of the world finally found MONETARY RELIGION.
At this time, and according to some of the more enlightened Central Banks, gold was no longer a worthless piece of metal whose sole purpose in government was to be pawned off to support a worthless paper monetary system. In just a few years time, the huge flood of Central Bank gold into the market dried up and switched to become a large source of demand.
This can be clearly seen in the chart below:
From 2003 to 2009, the Central Banks flooded the world with 2,880 metric tons (mt) of gold. Not only was this a large liquidation of Central Bank gold at very low prices, but it also acted as means of suppressing the paper price by providing extra gold supply to the market.
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