Who's Buying All The Gold?

Who is buying up the most amount of gold in 2011?  The answer might genuinely surprise you.  The source for this answer comes from statistics collected and prepared by the World Gold Council.  The World Gold Council claims that central banks have bought more gold in the first half of 2011 than all the gold purchased for central banks in the whole year of 2010.

The principal influence of this fiery trend is the emerging market banks are a chief buyer.  Mexico also acquired a massive amount of gold in the second quarter of 2011.  The exact amount purchased by Mexico is believed to be a 100-tonne gold reserve acquisition.

Many people continue to argue if gold prices and values will keep rising.  Since their is such a worldwide demand for the commodity of gold, most people believe this current upswing will continue.  The fact that gold has had such a positive performance in the past leads many to have confidence that gold does have a role as a unique asset class.