Thailand, China, Russia, Venezuela... Gold standard is coming
Amplify’d from www.businessinsider.com
Mexico Just Bought $4.6 Billion Of Gold
Mexico's central bank just spent February and March buying $4.6 billion worth of gold, according to the Financial Times.
The purchase is for a total of 93.3 tonnes of the precious metal, which is about 3.5% of all the gold mined in one year.
Mexico is not alone in its purchase program. China is setting up a fund to invest in gold, and several developing countries entered the market last year with big buys.
The IMF also released data today that shows Thailand bought 9.3 tonnes gold in March, according to Bloomberg.
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