Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC), central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Central Banks Are Quietly Buying Gold At The Fastest Pace In 55 Years
| Source: | https://www.zerohedge.com/markets/central-banks-are-quietly-buying-gold-fastest-pace-55-years |
| Published: | Nov 4, 2022 |
| Author: | Mike Rivero |
| Post Date: | 2022-11-04 15:59:02 by Horse |
| Views: | 54 |