The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC).
Central banks bought the most gold by volume since 1967, according to the industry research firm, which also highlighted it was the largest amount since former U.S. President Nixon Richard's decision to end the dollar's peg to bullion in 1971.
Central bank net purchases reached 651.5 metric tons in 2018, 74 percent higher than in the previous year when 375 tons were bought. The WGC has estimated that central banks now hold nearly 34,000 tons of gold.
The incredible vast majority of gold, like diamonds are locked away in warehouses. They are "unknown" and not counted when world's total gold quantities are calculated.
Austin Morris
Yea, the currency system is falling apart. I hope you have been stacking physical silver, because its going to be worth A LOT.
Austin Nguyen
Do you even know what an aryan values?
Tyler Reed
Yeah, I wonder why. Could it be that a certain group of individuals are hoarding it and price-fixing the market?
Personally I would love to hear you defend the globalized fractional reserve banking system. Have at it.