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Central Bank Gold Demand Is Even Stronger Than It Looks
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Central Bank Gold Demand Is Even Stronger Than It Looks

When sales are actually purchases

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John Rubino
Oct 12, 2023
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John Rubino's Substack
Central Bank Gold Demand Is Even Stronger Than It Looks
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Central banks have morphed recently from net sellers of gold to increasingly aggressive net buyers. And the buying is even more aggressive than it seems. Here’s the story in three charts:

When the global financial system nearly imploded in 2008, central banks stopped selling gold and started buying. To put this buying into context, the world’s mines prod…

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