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2012-08-20 — silverdoctors.com
A former central banker claimed that US Treasuries were not safe in the medium to long term. In addition, China will launch a new investment fund that will invest parts of the more than USD 3,000 in currency reserves in energy and precious metals. PBoC advisor Xia recommends holding only USD 1,000bn in currency reserves, with the rest to be earmarked for strategic investments. He goes on to suggest a gradual increase in gold reserves and recommends pursuing a "buy the dip" strategy over an extended period of time. He also advises PBoC to add silver to the official reserves.
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We have heard reports from Andrew Maguire that a tiny 10 million ounce physical silver order in London took several weeks to be filled, and when the order finally arrived it had clearly been sourced from the SLV.
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