Originally Posted by W*GS
Thank you for this Wags.
I have been looking for information on the Fed's gold purchases.
Note the only time the Fed bought gold was the last three years, massively increasing their purchases in the last two years.Not only that the chart shows the fed selling gold all the previous years on the chart.
The chart also shows gold purchases for investment is strong and steady.
It looks like the fed is trying to drive down the gold price.