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This Is Why Central Banks Started Buying Gold So Aggresively
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ticker lesson
Breakdown
0:00lesson
Gold remonetization vectors
- Six vectors: reserves, private institutional demand, balance sheet recapitalization, anchoring, accumulation, digitalization
- Focus on reserves and central bank accumulation as top driver
- Sanctions on Russia and dollar weaponization as tipping point
- 2022 marked a shift in playbook
- Gold price correlation with real yields broke in 2022
2:09lesson
Central banks buying gold as plan B
- Central banks bought more than 1,000 tons of gold for 3 years
- Last year: 860 tons, but higher due to gold price
- China bought 40 tons in June
- Expect 800-1,000 tons this year
- Gold is liquid, accepted globally, neutral, low bid ask spreads
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