Thursday, October 22, 2020

Tag: But “Bar & Coin Investment” Plunge Indicates Still No Love From John Q. Public

Central Banks Still On Gold Buying Frenzy, But “Bar & Coin Investment” Plunge Indicates Still No Love From John Q. Public

from Silver Doctors:

While it is no surprise that central banks still have gold fever, the (lack of) interest in bars & coins is quite telling…

The World Gold Council just released its latest report on gold demand trends for the second quarter of 2019.

Highlights include:

Central banks bought 224.4t of gold in Q2 2019. This took H1 buying to 374.1t – the largest net H1 increase in global gold reserves in our 19-year quarterly data series. Buying was again spread across a diverse range of – largely emerging market – countries.