Central Banks to Increase Gold Holdings Over Crisis Concerns | Bloombergarchive.ph/ZKX9h
25 sats \ 4 comments \ @cryptocoin 8 Jun 2022 bitcoin
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20 sats \ 0 replies \ @zuspotirko 8 Jun 2022
This is short term volatility. Long term the reserves of actual things to back fiat will trend towards zero.
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20 sats \ 0 replies \ @beb0 8 Jun 2022
HFSP baynx
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0 sats \ 1 reply \ @cryptocoin OP 8 Jun 2022
Central banks see gold as a reserve asset and will likely increase their holdings of the metal in the next twelve months, according to a survey by the World Gold Council.
That’s mainly due to increasing concerns about a possible global financial crisis, with central banks in emerging market and developing economies, or about a quarter of survey respondents, intending to add more bullion to their reserves. That’s an uptick from 21% in 2021.
Emerging markets central banks are optimistic about gold’s future in the international monetary system, and they’re on the fence about the US dollar, said Fan.
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0 sats \ 0 replies \ @cryptocoin OP 8 Jun 2022
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
Central Banks to Increase Gold Holdings Over Crisis Concerns https://www.bloomberg.com/news/articles/2022-06-08/central-banks-to-increase-gold-holdings-over-crisis-concerns
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