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
Hedge funds build largest long Gold position in more than 4 years
Source: Barchart
Multiple times in history, the precious metals industry was considered the largest market among global assets.
Today, however, it has shrunk so much that it's almost a rounding error. Will capital start to flow back into this industry? If yes, the impact on prices could be substantial... Source: Crescat Capital, Bloomberg
Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS
Source: Barchart, CNBC
Official world gold reserves have reached 1,170 million fine troy ounces, the most since the 1970s.
Over the last 13 years, world central banks' gold holdings are up roughly 21%. Global gold reserves are now even higher than just before President Nixon broke the US Dollar's link to gold in 1971. In 2022 and 2023 alone, world central banks bought 1081 and 1037 tons of gold, respectively. Meanwhile, gold is up 15% year to date and 85% over the last 5 years. Source: The Kobeissi Letter
This is a trend worth keeping an eye on. China’s Gold trading volumes have seen a BIG spike.
Moreover, their Central Bank has been rapidly accumulating Gold These are very positive developments for the precious metal. Source: Game of Trades
Charted: 30 Years of Central Bank Gold Demand
by Elements / Visual Capitalist
