LONDON, 16 June 2011 - Motley Fool - the world's 11th most popular investment-news site - today quotes analysis from BullionVault head of research Adrian Ash.
Noting that Eurozone central banks are so far net buyers of gold in 2011, the first time since 1999, "The amount is insignificant - ?6 million euros, all of it in coin," says the independent private-investor website. "But look at the big picture.
"A bloc of countries that represents more than one-third of all official gold reserves has joined a broader trend that's strongly bullish for the yellow metal. BullionVault's observation debunks any rumor that Eurozone countries are selling gold to raise funds in the context of the sovereign debt crisis."
You can read the full report here at the Motley Fool...
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