"Love Trade" Cools But Central Banks' Gold Demand Heats Up

Nice chart of central bank gold buying in this -- ``Although the Love Trade is on ice for the period, a relatively new gold buyer has been warming up to gold. The official sector continued its gold buying spree this quarter. The WGC reported that central bank purchases hit a record high since the official sector became gold buyers three years ago. According to Mr. Grubb, if this trend continues over the remainder of 2012, central banks will be entering a "new territory" of gold buying that has not been seen since the early 1960s and since the end of the Bretton Woods System in 1971.''