Central Banks Are Buying Gold At The Fastest Pace In Six Years | WHAT REALLY HAPPENED


Central Banks Are Buying Gold At The Fastest Pace In Six Years

Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years.

This is pretty big news, and it says a LOT about the future of the dollar.

Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do this by buying US government debt.

It sounds strange, but to big institutions, banks, etc., US government debt is equivalent to cash. They use it as a form of money.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA