We have to wait and see if future results justify current actions, when the action is preparation for some future event. It is only in hindsight that we can truly point out if someone's risk/reward calculation for the future was flawed.
I'm not buying gold, but the odd thing is that Russian and Chinese central banks are. I would assume those people know a thing or two about economics. I'm curious to see what the future holds.
Because their central banks are concerned about stability of international currencies [1]. A central bank is in a good position to use gold, whereas most individuals aren't.
I'm not buying gold, but the odd thing is that Russian and Chinese central banks are. I would assume those people know a thing or two about economics. I'm curious to see what the future holds.