AAAU - Central Bank Panic Will Eventually Make Their Gold Reserves Worth A Lot More

At the turn of this century, the price of gold was fighting to remain above the $250 per ounce level. The Bank of England, in its infinite wisdom, decided to sell half of its gold reserves in the late 1990s, declaring the yellow metal a barbarous relic of the past. Most central banks employ the utmost discretion when buying or selling the yellow metal that is an integral part of a country's foreign exchange reserves. Since before biblical times, gold has been a means of exchange and store of value. Central banks still consider the

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