Friday, February 26, 2021

Tag: Central Banks Continue “Remarkable” Gold-Buying Spree

Central Banks Continue “Remarkable” Gold-Buying Spree

by Peter Schiff, Schiff Gold:

Central banks continued their remarkable gold-buying spree in November and remain on pace to eclipse 2018’s near-record purchases.

According to the latest numbers from the World Gold Council, central banks added 27.9 tons on a net-basis to official gold reserves in November. That brings the yearly total for 2018 with one month left to calculate to 570.2 tons, 11% higher than the same period in the previous year.