Even at Record Highs, Central Banks Are Hoarding Gold—What Do They Know That We Don’t?

Let me spell it out for you: when governments start buying gold by the tonne, even when prices are peaking, that’s not a casual investment—it’s a red alert. While most people are stuck wondering if they can afford gas next week, central banks in China, Poland, and Czechia are stacking gold like there’s no tomorrow. And maybe that’s the point. China: Quietly Ditching the Dollar China’s central bank just made its sixth straight gold purchase in April, adding another 2 tonnes to its reserves. That brings their 2024 total to 15 tonnes and raises their overall stockpile to a whopping 2,294 tonnes. For context, that’s like filling a dozen semis with pure wealth insurance. Now let’s not kid ourselves. China…