Why Are Central Banks Buying Gold?


Source: swarajyamag.com swarajyamag.com

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Why Are Central Banks Buying Gold? [Sourav Datta] - Dec 31, 2021 01:13 PM Snapshot With years of low-interest rates, and money printing in the United States, the value of the dollar against gold has fallen over time. Gold reserves at central banks currently stand at a 31 year high. Gold reserves at central banks currently stand at a 31 year high as banks lower their exposure to the United States dollar and increase the gold reserves they hold. Unlike the dollar, gold is not dependent on the economy of a nation and does not expose the holder to risks...