"Sir, With reference to your report "Leading bullion bank declares end to gold's decade-long rise" (February 2): Oh dear ! Why make it complicated ? If you expect lots of monetary expansion over the coming years, paper money's value can be expected to decline. If you expect governments to stop trashing their currencies, it probably won't. That is what the future price of gold will reflect, pure and simple."
- Alasdair Macleod, Head of Research, GoldMoney, in a letter to the Financial Times.

"The world's central banks last year bought 534.6 tons of gold in 2012, the most since 1964, as global gold demand hit a record value level, the World Gold Council said Thursday in a quarterly report. Purchases by central banks for the full year rose 17% compared with 2011, while fourth-quarter purchases of 145 tons marked a 29% rise from the same period a year earlier."
- MarketWatch / The Wall Street Journal, 14th February 2013.

"Where is the wisdom we have lost in knowledge ?
Where is the knowledge we have lost in information ?"
- From 'The Rock' by T. S. Eliot.

David Fuller's view If you are interested in the above, you will also enjoy Tim Price's own assessments.