Why Central Banks Haven't Bought This Much Gold Since 1967!

Isa Bullion14 Dec, 2022Other

Banks are making record purchases of Gold and that too, very quietly! This begs the question, why are central banks buying so much Gold? We finally found the answer! According to the World Gold Council, the world's major banks purchased a net of 400 tonnes of Gold. This is 115% more than its acquisition in Q2 of this year and also four times more than the Gold acquisition in Q3 of 2021!