BREAKING: Global central banks now hold more #Gold than at any point in the past 45 years. Something is brewing 👀
Discussion
Treasury departments around the globe are struggling with debt management, meanwhile central banks are accumulating gold. I saw the chart above this morning from the World Gold Council. The blue line tracks net central bank purchases of gold going back two years. With the exception of a three-month period in the spring of 2023, central banks have been net buyers. And by a fair margin.
Retail buyers in North America have not, for the most part, been buyers. You can measure this by changes in the gold holdings of exchange traded funds. US and European investors have been too busy with AI, Bitcoin, and anything else promising exponential growth and infinite wealth. Bitcoin is hard, scarce, backed by energy. You might want to get some, just in case it catches on. But you already know that.
Si els bancs centrals estan recomprant or i són gairebé al nivell de la era Nixon, és força obvi que alguna cosa es cou...