Why Are Central Banks Buying Mining Stocks?

It was reported last week that the Norwegian and Swiss Central Banks had accumulated large positions in several high quality gold and silver mining stocks.  Why would these bankers want to own producers of a barbarous relic?

This is not some scheme to load up on miners and then dump them into the market to help the Fed/ECB/BOE manipulate the precious metals.  That’s an absurd view.  They would just short shares if they wanted to accomplish that.

The dollar’s reserve status is coming to an end. In fact, the current fiat currency system is coming to an end.  Central Bankers know this better than anyone.  Every western CB has been printing  money and buying worthless assets in order to keep the system from collapsing.  Central Banks that want to survive are also finding ways to hedge their fiat currency-based portfolios with negative beta assets.  Mining stocks are the easiest way to gain exposure to coming explosion in the price of gold and silver.   Also note that Norway and Switzerland are not members of the EU.

We discuss this topic in this week’s Shadow of Truth.  We also analyze the Hillary Clinton health situation:

10 thoughts on “Why Are Central Banks Buying Mining Stocks?

  1. Yes, why indeed. And I wonder how many of these characters at banks, and those in the media poo, pooing precious metals are quietly accumulating stacks of physical. I doubt they are dumb enough to bet only on fiat like most of the populations outside of Asia and the Middle East.

  2. Bill Holter said:

    “Expect a false-flag terrorist attack any day now”, to be used as justification for cancellation of elections & putting Hitlery in the “forgotten” dumpster.

    1. LOL. Looks like they are buying large cap producers and not juniors. Juniors are where the real action is. I do have a couple “notables” who subscribe, though.

  3. They buying miners , because it’s easier for them , they have got printing press, they can manipulate stocks like before and make easy money plus this is back up plan too. Fort Knox is empty and now they can’t just go and buy a lot of gold because there is not much left.
    Regarding election , criminals can easily liquidate Trump or use any false flag to get rid of him before election. Postponing is very possible too. It ‘s getting hotter and dirtier.
    People must to wake up before is too late , otherwise we are lost.

  4. Hi Dave,

    Nice interview but one thing think you need to know. You said who cares and thinks abot Norway. Well I think quite a few banksters and their buddies do. If it was only because of this. When you read the financial numbers, keep in mind that Norway only has a population of a bit over 5 million people.

    They have what is called ”The Government Pension Fund of Norway and comprises two entirely separate sovereign wealth funds owned by the government of Norway. As of 2 May 2016 its total value was NOK 7 trillion ($873 billion), holding one percent of global equity markets. With 1.78% of European stocks, it is said to be the largest stock owner in Europe. For more details, see
    https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway

    So my thinking is, when a CB with the backing of a souvereign wealthfund that size dips its toes in the goldmarket quite some care. From owning only paper to paper and also gold proxies.

    Regards, Hugo

  5. You don’t have to be expert to know, why they buying gold,silver mining companies. They know that gold will go up , nothing else. there is no point looking for reason.The end is closer. They can play with gold for some time( it’s good time to buy more gold and more shares) .Now they buying more.

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