Central Banks Buy the Most Gold Since London Gold Pool Collapse in 1968.

1st three minutes the news topic, SD Bullion Contest, and then general gold new the rest of the video:

I do like his relationship of money, silver , and the Superbowl at the end (Bread & Circus Event)
 
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pmbug said:
www.kitco.com

Central banks continue to scoop up gold in 2023 as gold price holds the mid-$1,800 level

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The TBTF banksters are manipulating the prices ( gold & silver) until the last minute they can't.
No other reason for these low prices. They want all their bank buddies, Gov cronies to get what they can until the walls fall down.
If banks are buying then people should be buying too . Can't buy gold buy silver. It will work better than CBDCs, and less control by elites.
 
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... A key theme among analyst presentations and comments on the floor during the 2023 annual Prospectors & Developers Association of Canada has been the People's Bank of China's new foray into the gold market.

Wednesday, quoting updated reserve data from China's central bank, Krishan Gopaul, senior European, Middle East, and Asian markets analyst at the World Gold Council, said the country bought 24.9 tonnes of gold in February. ...
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www.kitco.com

China's central bank puts the world on notice as it buys more gold; analysts at PDAC expect this is only the start of a new trend

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
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No word on how much of that is the Perth Mint gold that the SGE is complaining about...
 
Nobody knows what is going to happen from day-to-day with the clowns running the show. I don't trust sushi from a gas station or government officials.
 
CiscoKid said:
What idiots. Gold is nothing but a "barbarous relic". I mean, you can't eat gold. :ROFLMAO:
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I always like to add:

"Yabbut, WTSHTF, those with gold can hire people to go out and get them some food, hire others to cook it, and hire still others to serve it. And they do, and have done since mankind first discovered gold."

History has shown the above to be the standard worldwide for thousands of years. <-- An excellent track record.
 
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According to the latest report from the World Gold Council, Singapore's central bank bought gold for the second straight month, increasing its official reserves by 6.8 tonnes in February. ...
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www.kitco.com

Singapore adds another 6.8 tonnes of gold in February

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
www.kitco.com
 
Turkey’s central bank is offloading its gold reserves to help meet high domestic demand after curbing precious metals imports in February, Bloomberg reported.

Turkey has seen a surge in gold demand in the past year as citizens embraced the precious metal as a hedge against inflation, which ran at a pace of over 85% at one point last year, and local currency devaluation.

The central bank's data showed that gold reserves fell 9% in the last seven weeks.

Turkey also sold 15 tonnes of gold in March, the World Gold Council reported. This marked the first monthly net sale since November 2021 and lowered the country's reserves to 572 tonnes.
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www.kitco.com

Turkey is selling off its gold reserves to meet surging domestic demand

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I wonder what kind of premiums the citizens had/have to pay for physical over there.
 
DCA and anything < US$1800/oz. is a big buying opportunity. At some point we may again see sub-$1900 gold.

Platinum is coming back into buying range sub-$1k.
 
Platinum up and gold got whacked. I am buying < $1900.
 
CiscoKid said:
Seeing some wild swings with gold lately.
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fear....is driving the market....i assume some stabilization when the debt ceiling is passed and bank issues quiet down........ summer is seasonally a lower spot price time will be intresting how things play out over the next 3 months with all the forces in play
 
I am still buying, but not chasing. I almost bought some 1/10th platinum coins @ $127, but hoping for $teens to add. I miss the good old days of sub $700 silver kilo bars.
 
nickndfl said:
I am still buying, but not chasing. I almost bought some 1/10th platinum coins @ $127, but hoping for $teens to add. I miss the good old days of sub $700 silver kilo bars.
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🙂good Ole days were sub 700$ 100oz bars.....I'm with you on buying but not chasing...current best place to buy seems to be in Facebook marketplace groups I'm seeing thousands+ dollars of products move daily but there is a process to find and get into those
 
Polish central bank bought 14.8 tonnes of gold in April, which was the biggest purchase since June 2019.
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According to the World Gold Council, other central banks that bought gold in April included the People's Bank of China, the Czech National Bank, and the Central Bank of Mongolia, with 8.1 tonnes, 1.8 tonnes, and 1 tonne, respectively.

On the other hand, the Central Bank of Turkey is estimated to have sold a staggering 80.8 tons of gold in April to meet surging domestic demand. After buying the most gold than any other central bank last year, Turkey turned to selling in March and April to meet growing domestic demand, the WGC said. This was in an attempt to limit the need to import gold, which has been weighing on Turkey's current account deficit.

Turkey has seen a surge in gold demand as citizens embraced the precious metal as a hedge against inflation, which ran at a pace of over 85% at one point last year, and local currency devaluation.
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www.kitco.com

Poland boosts its gold reserves by 15 tonnes, biggest increase in nearly 3 years

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I am at a weird spot: After more than a third of a century stacking... I am done. I do not care a button for the fluctuating price of PM's.

Oh, I watch carefully. But weaponry of all kinds, as well as ammo, food, PM's, rural setting with like-minded neighbors, with zero debt -- are all in place.

I just do not have the cash-flow ability to acquire any significant amount of PM's while maintaining my lifestyle. Nor the need. I started when a Krugerrand full price with freight was $198.
 
Unca Walt said:
I am at a weird spot: After more than a third of a century stacking... I am done. I do not care a button for the fluctuating price of PM's.

Oh, I watch carefully. But weaponry of all kinds, as well as ammo, food, PM's, rural setting with like-minded neighbors, with zero debt -- are all in place.

I just do not have the cash-flow ability to acquire any significant amount of PM's while maintaining my lifestyle. Nor the need. I started when a Krugerrand full price with freight was $198.
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Not such a weird spot...pretty much describes my situation other than I still generate some excess cash flow that needs a home so I try to move it to some form of real goods as it's generated.....its good to not be chasing the market and to be relaxed about life....I will say I don't remember 1oz krugerands ever being under 200$
 
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