tag:blogger.com,1999:blog-12429580.post2949565596114792725..comments2024-03-26T06:28:09.125-04:00Comments on GavinThink: Big Picture DemographicsGavin Andresenhttp://www.blogger.com/profile/10105284501947275111noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12429580.post-68744194697032280822012-07-06T21:24:26.258-04:002012-07-06T21:24:26.258-04:00I seem to recall some stories of central banks buy...I seem to recall some stories of central banks buying lots of gold, but I don't know who the sellers are.<br /><br />If it is central banks trading newly-printed cash for gold from old rich people then that's a pretty good short-term strategy to encourage those old stingy people to spend more. Assuming they don't just bury the cash in a coffee can in the back yard.Gavin Andresenhttps://www.blogger.com/profile/10105284501947275111noreply@blogger.comtag:blogger.com,1999:blog-12429580.post-4599654053802335362012-07-06T07:11:26.593-04:002012-07-06T07:11:26.593-04:00Interesting idea. However, the Gold price (in US$)...Interesting idea. However, the Gold price (in US$) has increased since 2008. That does not support the theory that elderly people now try to spend all their gold. (Since there are several things happening at the same time, this does not rule out anything, though.)heinerhttps://www.blogger.com/profile/13889766964482960472noreply@blogger.com