Why Central Banks are Buying Gold: The Role of Money Supply & Forex Trading Opportunities
During the Second World War, a popular saying among the rich and powerful in England went … ‘When you hear the wails of the air raid sirens or the klaxons, buy gold.’ There was wisdom in this argument. For around 3,000 years, mankind has taken shelter in gold – both as a store of value and as an investment. In recent years, central banks around the world have been stocking up on gold in large quantities. This trend has been driven by several factors, including concerns about currency stability, geopolitical risks, and inflation. Let’s take a closer look at this by understanding why central banks are buying
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