Central banks reaffirm gold’s value amid crises, debt, and historical significance.
Central banks were recently asked why they buy gold. Their responses were not surprising but reassuring. Almost 50% of respondents cited three main reasons: No default risk. Strong performance during crises. Historical significance. In reality, no other asset matches gold’s… pic.twitter.com/G982GBnL0q — Otavio (Tavi) Costa (@TaviCosta) June 22, 2024 Central banks have indeed been increasing …