Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Jason Burack: Central Banks Have Bought 164 Tons of Gold So Far In 2021, Russia Will Now Buy A Lot More Too?

Wall St. For Main St., Released on 6/10/21

May’s data is not in yet, but through April 2021, central banks have bought a net 164 tons of physical gold.

World Gold Council tracks central bank gold purchases (Q1 2021 numbers) here: https://www.gold.org/goldhub/research…

Central Banks Add Another 69 Tons of Gold to Reserves in April https://schiffgold.com/key-gold-news/…

Russia lines up new Gold Buying through its Sovereign Wealth Fund https://goldseek.com/article/russia-l…

According to the WGC’s Central Bank Gold Reserves Survey, 21% of the world’s central banks plan to add gold to their reserves in the coming year. That’s one percentage point higher than last year.

No central bank indicated that it plans to shrink its gold reserves in the coming year. In 2020, 4% of banks said they planned to sell gold.

Fifty-six central banks participated in the World Gold Council survey.

Central Banks Continue to Be Bullish on Gold https://schiffgold.com/key-gold-news/…

Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst​ Please visit the Wall St for Main St website here: http://www.wallstformainst.com/​​​​​​

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

Notify of
Inline Feedbacks
View all comments