Central banks will continue to be buyers of precious metal: Juerg Kiener

​Basel III, which is basically the International Bank of Settlement, was introducing basically restrictions on selling gold short in the market. So, you needed to have actually full collateral. That has been forcing a lot of short people actually to buy back their shorts and then we used to have now this war zone coming up where your third-party risk increased and that meant gold moved back to home countries instead of staying away in other exchanges.