'As the US adds a trillion to the debt every 100 days and a...

'As the US adds a trillion to the debt every 100 days and a billion to the interest on the debt every 24 hours, owning gold is a no brainer.'

Unless, of course, you are one of the PhD's at the Australian Reserve Bank (post hole diggers).

Last year, centralbanks added a net 1,037 tons of gold to their reserves, just slightly below the record of 1,082 tons in the previous year.

That pace of buying will likely continue.

Based on a World Gold Council survey that included70 respondents, 29 percent of central banks plan to add more gold to their reserves in the next 12 months. The WGC said it was the highest level since the survey began in 2018.

Only 3 percent said they had plans to decrease gold reserves.

Eighty-one percent of the respondents said they expect overall global gold reserves to increase in the next 12months. That was up from 71 percent in the 2023 survey.

Meanwhile, 69 percent of the central bankers surveyed said they think global gold reserves will be higher in five years. That was up from 62 percent in last year’s survey. In 2022,only 46 percent of the respondents thought gold reserves would be higher in five years.

Can anyone at the Australian Reserve Bank, actually read?????