While wondering why almost all the central banks around the world are suddenly purchasing gold, consider that the Bank of International Settlements has declared gold to be a tier one asset. The central banks are simply converting their reserves from U.S. Treasuries to gold bullion.
While wondering why almost all the central banks around the world are suddenly purchasing gold, consider that the Bank of International Settlements has declared gold to be a tier one asset. The central banks are simply converting their reserves from U.S. Treasuries to gold bullion.