Serbia’s gold buying may mean a lot more than you think

Serbia has just joined the ranks of other European central banks and bought nine tonnes of gold, and this could signal a looming economic crisis that the banks are preparing for, said Rory Hall, publisher of The Daily Coin.
“If you look at the central banks and their buying, or their acquiring of all the gold, they’re not acquiring all the gold for souvenirs or trinkets. Gold was moved to a tier one asset last year, so there’s something going on,” Hall told Kitco News. (show less)

Serbia has just joined the ranks of other European central banks and bought nine tonnes of gold, and this could signal a looming economic crisis that the banks are preparing for, said Rory Hall, publisher of The Daily Coin.
“If you look at the central banks and their buying, or their acquiring of all the gold, they’re not acquiring all the gold for souvenirs or trinkets. Gold was moved to a tier one asset last year, so there’s something going on,” Hall told ... (read more)

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