Central Banks Are Doubling Down on Gold Gold soared 27.22% in 2024, marking its best year since 2010. But here's the real story: this isn’t just a short-term rally—this is the start of something bigger. Central banks worldwide are hoarding gold at record levels, and they’re not stopping anytime soon. Since mid-2022, central bank gold purchases have averaged 287 tonnes per quarter, more than double the previous decade’s pace. Why? Because these institutions know the risks ahead: inflation, geopolitical instability, and the declining power of the U.S. dollar. In June 2024, the World Gold Council surveyed central banks, and their message was crystal clear: they are increasing their gold reserves over the next 12 months. These policymakers understand what many…
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