Germany Fights to Keep Their Gold

News release from Zero Hedge

Germany to G20: German Gold “Must Remain Off Limits”; Italian Gold Sale Again Proposed In Germany

http://www.zerohedge.com/news/germany-g20-german-gold-%E2%80%9Cmust-remain-limits%E2%80%9D-italian-gold-sale-again-proposed-germany

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If gold is so important to the most powerful country in Europe during this global crisis, don't you think gold deserves a position in YOUR portfolio? 
All the gold critics should take notice of the lengths to which Germany is taking to protect their gold, even though it's "JUST a metal" and "doesn't produce any interest or dividends?" WAKE UP PEOPLE!   BK 

Central Banks Quietly Accumulating Gold - Declared Purchases of 206 Tons Through September 2011

From: Zero Hedge

Gold appears to have broken out above resistance at $1,750/oz after consolidating between $1,600 and $1,750 in recent weeks.
Demand for gold bullion remains broad based and global in nature. One of the most important sources of demand continues to be central bank demand.
According to data from the IMF, central banks continue to be significant net buyers of gold. Mexico has added most to its reserves, with a net 83.7T of gold between January and September 2011, followed by Russia, which has added 59.3T this year, and Thailand, which has added 52.9T (see chart).


http://www.zerohedge.com/news/central-banks-quietly-accumulating-gold-declared-purchases-206-tons-through-september-2011