why central banks store gold (1)

Banks Store Gold

Central banks are once again buying gold in a frenzy (see chart). 400 tonnes were added to their reserves in the third quarter alone. This has increased the total from January to September to 670 tonnes, a rate not seen since the Bullion Market meltdown. Turkey purchased nearly 20 tonnes in a single transaction in May. India and Qatar are also hun...

bryanfox · 07 December 2022 · 3