EPOCH TV | Central Banks Buying Gold At Fastest Pace In 55 Yrs: Russia & China STOCKPILING

Central Banks Quietly Buying Gold At Fastest Pace In 55 Years: Russia and China STOCKPILING Gold

Looking across the entire world, it seems like most central banks are in the process of increasing their stockpiles of gold.

According to the World Gold Council, #CentralBanks bought a record 399 tons of gold just in the third quarter of last year.

https://ept.ms/CentralBanksF

Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC), central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.