Its Over, page-26640

...why RBA does not stockpile Gold when we are one of the largest gold producers in the world eludes logic.


World central banks have benefited from rising gold prices:

The value of developed market central banks’ gold holdings has risen by ~$600 billion, or 90%, to a record $1.3 trillion since 2022.

At the same time, emerging market central banks’ gold value has doubled to a record $800 billion.

This comes as gold prices have skyrocketed 105% since the October 2022 low.

Moreover, EM and DM central banks have increased their holdings by 10% and 1%, respectively, during this time.

In 2022-2024, world central banks bought a whopping 3,176 tonnes of gold.

Demand for gold has never been stronger.

https://x.com/KobeissiLetter/status/1919452456108380448