– Central banks buy gold in largest buying spree in a half century
– 2nd largest year of gold purchases by banks on record – WGC
– Central banks bought more gold bullion last year than anytime since 1967, prior to the U.S. ending the gold standard in 1971
– Governments added 651.5 tonnes (metric) of gold to their foreign exchange reserves in 2018, a 74 percent increase from the previous year
– Surge in gold purchases by central banks and strong demand for gold coins and bars in Europe and Iran helped push global demand for gold up 4 percent last year
Source: World Gold Council
The Queen inspects a gold vault at the Bank of England
Source: World Gold Council
Central Banks Are on the Biggest Gold-Buying Spree in a Half Century (Bloomberg)
Central Banks Bought More Gold in 2018 Than Any Year Since 1967: WGC (Reuters)
Gold Demand Trends Full year and Q4 2018 (Full Report from World Gold Council here)
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– 2nd largest year of gold purchases by banks on record – WGC
– Central banks bought more gold bullion last year than anytime since 1967, prior to the U.S. ending the gold standard in 1971
– Governments added 651.5 tonnes (metric) of gold to their foreign exchange reserves in 2018, a 74 percent increase from the previous year
– Surge in gold purchases by central banks and strong demand for gold coins and bars in Europe and Iran helped push global demand for gold up 4 percent last year
Source: World Gold Council
The Queen inspects a gold vault at the Bank of England
Source: World Gold Council
Central Banks Are on the Biggest Gold-Buying Spree in a Half Century (Bloomberg)
Central Banks Bought More Gold in 2018 Than Any Year Since 1967: WGC (Reuters)
Gold Demand Trends Full year and Q4 2018 (Full Report from World Gold Council here)
*********
Mark O'Byrne is executive and research director of www.GoldCore.com which
he founded in 2003. GoldCore have become one of the leading gold
brokers in the world and have over 4,000 clients in over 40 countries
and with over $200 million in assets under management and storage.We
offer mass affluent, HNW, UHNW and institutional investors including
family offices, gold, silver, platinum and palladium bullion in London,
Zurich, Singapore, Hong Kong, Dubai and Perth.
