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⚑️🚨 Central banks bought 1044 tonnes of gold in 2024!

For the 3rd year running, purchases exceeded 1,000 tonnes, an all-time high.

The biggest buyers:

πŸ’° Poland: 94 tonnes (wants to increase to 20% of its reserves)

πŸ’° Turkey: 75 tonnes

πŸ’° India: 73 tonnes (and is repatriating 100 tonnes from London)

Emerging countries are increasingly wary of the Western financial system following the freezing of Russian reserves.

Total gold demand reaches a record 4554 tonnes, despite prices at record highs (+23% in 2024).

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Kenshin πŸ₯· 11mo ago

There will come a time when the report will say central banks bought 1000btc during a year...

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Tauri 11mo ago

Hopefully never. It’s time for CBs to step down from modern history and be remembered for their disastrous role in society.

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