Shengtai Group - Central banks buy gold

International Monetary Fund monthly report on central bank reserves are Russia and South Korea held their gold in June and July, confirming the trend established since the financial crisis 2007/08 for central banks to be net buyers rather than net sellers of precious metals in Asia, said broker-dealer, Shengtai Group

Shengtai Group "Gold said they hoped to overcome $ 1800.00 per ounce before the end of 2011. "It may be higher if the U.S. Federal Reserve decided to restart the program to its quantitative easing

.

At this point, gold $ 1660.00 debt as many expectations of further monetary easing as it is not afraid to investors in the debt crisis in Europe and we think that if employment in My image is impaired, the Fed will, indeed, into "one of the metal analysis of the company.

central bank gold buying is be love as a means for countries to diversify their currency reserves away from U.S. dollar is increasingly seen as unable to act as a store of value.

"Shengtai Group "is advising its customers not to trade in and out of yellow warns that the sudden price can reverse the direction of making it too dangerous for all but the most experienced traders

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