Loading ...Central Banks’ Gold-Buying Spree Reaches 50-Year High
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And as BCS Global Markets said in a note, the big range in analysts’ outlook for gold this year shows “that there is actually no consensus.”
However, there is one group of global ‘investors’ who are waving in those bullion trucks with both hands and feet – The world’s central banks…
Central banks bought last year the most gold in 47 years, with 651.5 tonnes (74% higher YoY). This is the highest level of annual net purchases since the suspension of dollar convertibility into gold in 1971…
https://www.zerohedge.com/news/2019-01-31/central-banks-gold-buying-spree-reaches-50-year-high