QUOTE(SGKSY @ Sep 16 2011, 11:33 AM)
same lah, apply to central bank too. Silver is becoming rarer. it will become a strategic asset. Since most of the countries do not store silver, why those store the silver need to disclose. just like , does any countries disclose they are accumulating copper ? no, right? only from the import figure involve trading with other countries you can tell. If they produce themselves and accumulate secretly, you will never know...
No disclosure doesn't mean nothing happens. this is what i mean.
Added on September 16, 2011, 11:48 amNot sure. But the silver reserve not necessarily to be held by central bank. a country can set up any departments , divisions to handle it. When the time is right, like return to gold standard or silver standard, you will know who is accumulating silver secretly.
So, we can't simply say, no central bank is holding silver as reserve,right ? when the time come, you will know. If China disclose it is accumulating silver today, do you think the silver will still close this week at around 40?
Central bank is different from the government of the country.
Central bank is to regulate monetary policies ler.
Government is to govern including buying/retaining strategic assets.
CBs are to recommend monetary policies to gov.
Whether silver is a strategic asset i am not sure.
Gold was tied to fiat currencies before. therefore CBs holding gold in their forts are seen to be
honorable.
IMO if countries accumulate silver, its more for its commodity value rather than as backing asset such as gold.
IMO theres a difference between gold and silver in its perception.
In this sense, CBs will not accumulate silver as a backing asset.