Central Bank Buying Spurs a Gold Rush [and silver]

As quoted from the businessweek Article:

"In view of widespread forecasts of further declines in the dollar's value, it doesn't surprise economists and investment pros that there should be a growing desire by global central banks to diversify away from the greenback. Lower demand for dollars makes sense to central bankers in countries such as Japan, which is no longer trying to control its exchange rate vis à vis the dollar and is no longer so inclined to buy greenbacks to support the dollar's value, says Barry Bosworth, a senior fellow at the Brookings Institution in Washington."

"Similarly, you'd expect oil exporters who are investing for future income to be fully diversified and want to hold less dollars," he says."

Read the full article with opinions both for and against gold investments at Central Bank Buying Spurs a Gold Rush [and silver] .