...we should expect more Central Bank buying ahead.
In 2023, #Gold accounted for ~18% of Central Bank foreign reserves (~36700 tonnes) down from
1. ~38% during the Nixon era
2. ~72% in 1950
3. ~90% in Great Depression
Central banks will continue to buy gold (In 2024, they bought 1044.6 tonnes of gold) and let them rise until they reach 1, 2, or 3 We have a long way to go before they are achieved https://x.com/DavidLe76335983/status/1926587272264122516
