What is the significance of central banks purchasing massive amounts of gold?
Replied byAaron Hoddinott
Founder & Managing Director at Pinnacle Digest
Niche: Finance
Revenue: Not Publicly Disclosed /month
Location: Calgary, Alberta, Canada
Started: 2008
Central banks currently hold thirty-seven thousand tons of gold, which is close to the peak of the Bretton Woods system. This massive accumulation functions as a low-profile gold standard, with central banks treating gold as a primary collateral asset.
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