EDITOR'S NOTE: In 2018, we saw central bank gold buying nearly exceed record levels set 50 years prior. Right now, 2022 set the record for the largest gold purchases EVER by central banks, according to the World Gold Council. The only thing that would prompt such a phenomenon would be a series of aligned outlooks forecasting changes of a severe magnitude. The general public seems to be unaware of this ominous undercurrent, yet the information is publicly available. If there was ever a time to begin contemplating increases in your own personal gold reserves, now’s the time. If you’re looking to hedge against what the world’s central bankers see coming, do it now before it’s too late.
In a report issued at the end of January the WGC said central bank gold buying in 2022 was the highest in decades.
They've now issued a correction:
Sources: Metal Focus, Refinitiv GFMS, World Gold Council
Yowza!
Originally published by: Eamonn Sheridan on ForexLive
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