Are Central Banks Planning a Gold Revaluation?

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Most of you are probably aware that many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold. That wasn't true before that. Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s.
But the question comes up why are central banks buying gold? Because we know that they are printing paper money and telling everybody to use their paper money. But on the other hand, they are using that paper money to buy gold for themselves.

So, what are they planning on doing with all this gold that they're buying? And could gold revaluation be a part of this long-term plan?

Timecodes
00:49 Why are Central Banks Buying Gold
00:49 Sponsor: Bullion Card
02:37 E.U. Has Gold Plan with Central Bank
06:46 European Central Banks Equalize Gold Reserves

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