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Central bank gold intervention and gold buying

2011-09-14 13 Dailymotion

Watch the full 18-minute video at http://www.goldmoney.com/brimelow-turk-interview. John Brimelow, of http://goldjottings.com, and James Turk, Director of the GoldMoney Foundation, talk about Vietnam and recent government interventions there against the gold market and gold trade. They comment how the Vietnamese gold market is highly developed and gold is the only money acceptable for some transactions, like real estate trades. They go on to talk about gold buys by central banks and the relevance of South Korea’s recent buy. John comments that central banks dislike gold because it represents competition. They presciently talk about the Swiss franc situation.

This interview was recorded on August 4 2011 in London.