Emerging Markets Central Banks Hoarding Gold

There were strong buying from the central banks of some emerging markets of Gold , particularly from China Mexico and The Philippines , these central banks tend to use their large foreign exchange surpluses and prefer to hoard gold instead of the US Dollars or other fiat currencies

Jim Rogers : Going Back to The Gold Standard is unlikely

Question : Are We Going Back To The Gold Standard ? 

Jim Rogers : I think it's unlikely. I know there are lots of people who would like to return to the gold standard, but the problem with the gold standard is that it always had problems, too. Politicians can always figure out ways to try and cheat us, the poor citizens. - in MoneyNews

Peter Schiff : Buy Gold Now or you will be chasing it later

Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold stocks have gone down , over a longer time period of course over the last ten years gold has done very very well , so a lot of these problems have been anticipated in the gold market for years , why it has not had a bigger move recently ? I think that has more to do with the relative strength of the dollar versus other fiat currencies which I think is temporary , I also think people are fooled in thinking that us treasuries represent a safe heaven alternative to gold , people who are piling up treasuries are going to regret it that bubble is going to burst , I am confident that eventually people will find their way back to gold as a safe heaven