One thing that I have not seen is that world central banks have been steady and large buyers of gold.
This includes normal buyers like China-200+metric tons just in 2023 as well as Russia.
Others include Poland, India, Czech Republic, Singapore, Philippines, and even Iraq.
At the same time, world gold ETF's have had huge outflows,more than 700 metric tons, since 5/2
To put that in perspective, that Represents aboIut 20 per cent of total gold ETF holdings.
And yet, the central banks continue to buy, eve
n with gold floating to near all time prices, and retail sells gold at the same time. In January 2024 alone, more than 50 metric were redeemed .
Hmnn, do I follow retails lead and sell, or the world central banks, and buy?
I know where my money is following, and so do you.
One thing that I have not seen is that world central banks have...
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