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What do Serbia, Czech Republic and India have in common?
central banks are ALL accumulating gold... Source: Bloomberg, Krishan Gopaul
India increases gold reserves by the most in 2 years
Source: Barchart
Which commodities protect against different inflation shocks? Goldman regards GOLD as a decent hedge
Source: Goldman Sachs, Ronnie Stoeferle
US family offices currently allocate just 1% of their assets to commodities, including gold.
Source: UBS, Tavi Costa
BREAKING: SPOT GOLD PRICE TUMBLED BY $20 PER OUNCE AS CHINA'S PBOC STOPPED GOLD RESERVES BUILDING.
China's end-May forex reserves are $3.2320 trillion, higher than the previous $3.2008tln. Gold reserves were unchanged at 72.80 million ounces, and the value of gold reserves was $170.9bln vs the previous $167.9 bln as gold price increased in May. Source: CN Wire
BREAKING: Gold's share of global international reserves jumps to 17.6% in 2023, the most in 27 years.
Source: WinSmart, Gainesville Coins, The Kobeissi Letter
Did you know that the S&P 500 has been basically flat vs gold over the last six years? 🤔
Source: Markets & Mayhem, BofA
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