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Gold purchases (in metric tons) by global CBs. The last 3.5 years of purchases are well above the 14 year average – BBG Intelligence dataCiti doesn’t rule out gold at $3000 over the next 12-18 mo ———- China, Russia and Turkey will continue to increase gold’s share of reserves. It is more volatile than US government bonds, but it is liquid. It is one of the few assets that are outside the financial system – former chief investment strategist at Bridgewater AssociatesGold demand is on track to break records thanks to active central bank buying, which has continued and will continue this year – World Gold Council (WGC) predicts

Gold purchases (in metric tons) by global CBs. The last 3.5 years of purchases are well above the 14 year average – BBG Intelligence data […]