During the first half of 2024 the Central Banks globally have just set a new record for the amount of Gold they are buying. They have added a total of 483 tons of Gold to their reserves and this is 5% above the record they set during the same period last year when they added 460 tons. So what does that mean? You won’t read about it in the news because y’know, Gold is just a "Pet Rock". It's an asset that gives no yield so this isn’t really newsworthy...or is it?
Of course, here at the Silver Gold Stackers Community on HIVE we know what’s really going on. We don’t have to see it on prime time news to be able to figure out which way is up...and it isn’t those rubbish Fiat Currencies made of paper and plastic that our governments around the world keep printing endless amounts of.
No, the Central Bankers aren’t stupid. They know that the Financial System is slowly breaking down and the national fiat currencies around the world are inevitably headed to zero. They know that as things get worse they are going to need some other tangible asset that will help them remain relevant. At the same time they don’t want to tip their hand too much and cause a panic, so they are accumulating Gold quietly. Slowly and steadily, but most definitely in larger and larger amounts. The numbers don't lie.
Personally I don’t really know when the music is going to stop and this clown show is going to end, but I do know that when it does it’ll be the Precious Metals that I own that is going to keep my family afloat. I’ve been calling my stack "The Lifeboat" for a few years now and I think the Central Bankers are building their own lifeboats too. Gradually my extended family is starting to wise up and with Gold hitting record highs right now they no longer look at me like I’m a lunatic. The way I see it, the more people that understand what is happening to our money the better off we’ll all be.
DISCLAIMER – This is not financial advice
