Robust gold purchases by central banks since 2009 and the rising price of gold have increased the precious metal’s share of global international reserves at the expense of fiat currencies. By the end of 2023, gold surpassed the euro, and the next fiat currency to be challenged is the US dollar. Often, when financial analysts draw charts on the distribution … Read More
Why are central banks buying so much gold?
May 29, 2024 Reading time: 4 minutes Since the beginning of 2022, central banks around the world have purchased record amounts of gold. The pace and regularity with which these state financial institutions are stockpiling gold is unprecedented. What is behind this new gold rush? It is no secret that gold is a strategic safe-haven asset that plays … Read More