Saturday, December 14, 2024

Tag: Central Banks on Course for “Colossal” Year of Gold Buying

Central Banks on Course for “Colossal” Year of Gold Buying

by Peter Schiff, Schiff Gold:

After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.

Globally, central banks added a net 337 tons of gold in Q3, the second-highest third-quarter total on record behind 2022.

Through the first nine months of the year, central banks bought a net of 800 tons of gold. That’s 14% more than through the same period in 2022.