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Gold & Basel 3
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Posted 4/10/2019 08:29 (#7430706 - in reply to #7430689)
Subject: RE: Gold & Basel 3

I noticed and did a post on this several weeks ago.

It is another way for government to deficit spend. Gold buying by central banks works as off balance sheet deficit spending by the government. Buying gold by the central bank is adding an asset to the central banks balance sheet and the money spent on gold is functionally adding net financial assets to the non government sector.

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