Global Central Banks Hold Most Gold in 45 Years, Reaching 36,000 Tonnes

by
Sharing is Caring!

Global central banks are on a gold-buying spree, reaching their highest reserves in 45 years—36,000 tonnes. Year-to-date, central banks have added a record 694 tonnes of gold to their reserves, marking the most significant increase since the 1990s.

See also  The MSM reports that 2023 was the deadliest year for home explosions in 20 years. Highly concerning.

Poland, Hungary, India, Turkey, and the Czech Republic are among the leading buyers, reflecting a broader trend of countries seeking more stable assets. Geopolitical tensions, like the ongoing war in Ukraine and strained U.S.-China relations, have further pushed central banks to bolster their gold holdings.

Economic concerns, particularly rising inflation and the volatility in financial markets, are also driving this surge in gold purchases. As these global uncertainties continue, central banks are increasingly relying on gold as a hedge against instability.

See also  What four years of democratic control of government and media has brought us to

Sources: