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Why do central banks buy gold?

Wondering if gold is a long-term investment? We would suggest that #centralbank gold purchases are a good indicator of gold’s role as a long-term investment in your savings. Why do they buy #gold? Mainly because they are scared about the future of the monetary system.

Looking through the latest Central Bank #WorldGoldCouncil Survey (released June 2024) Jan Skoyles breaks down the findings that explain when central banks are so anxious to own gold.
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