Top 5 Gold Buyers’ Motives Revealed

Which of these central banks have set records this year?

  1. China
  2. India
  3. Turkey
  4. Iran 

This is actually a trick question as the answer is all of them. That’s right they have all been part of an enormous central bank push to move away from the US Dollar and add more gold to their respective coffers. 

The not-so-surprising ‘surprise’ on that list is China, who just last week revealed themselves to be the big gold buyer so many have been wondering about, for the last few months. 

It’s long been known that China is making moves away from the dollar, but this news combined with record purchases from other central banks suggests that there is change afoot. 

Join Dave Russell as he discusses central bank gold purchases, and the motives behind them. 


Buy Gold Coins


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

12-12-2022    1790.60    1786.60    1458.80    1455.90    1696.41    1692.09
09-12-2022    1793.00    1796.15    1464.34    1463.32    1698.51    1704.55
08-12-2022    1782.45    1790.15    1464.82    1464.16    1698.32    1699.03
07-12-2022    1771.85    1782.20    1458.06    1460.33    1689.28    1694.16
06-12-2022    1773.35    1773.80    1456.28    1455.76    1687.87    1688.83
05-12-2022    1794.35    1776.80    1465.09    1456.27    1705.17    1689.91
02-12-2022    1800.75    1784.75    1467.97    1460.64    1710.71    1703.72
01-12-2022    1779.60    1803.15    1465.32    1467.22    1704.32    1712.63
30-11-2022    1759.65    1753.50    1465.08    1462.77    1697.53    1689.67
29-11-2022    1755.35    1752.70    1460.63    1462.98    1691.63    1693.81

Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.

Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here

Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here

Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

Also on news-goldcore-com

Videos

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Top 5 Gold Buyers’ Motives Revealed

Blog posts

China and the US at sovereign debt war

US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]

READ MORE

What happens if the debt ceiling raises

It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the […]

READ MORE

Gold and Silver Chart Analysis January 2023 with Patrick Karim

This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks.  Patrick Karim of NorthStarBadCharts.com joined us over on […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Top 5 Gold Buyers’ Motives Revealed

Blog posts

China and the US at sovereign debt war

US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]

READ MORE

What happens if the debt ceiling raises

It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the […]

READ MORE

Gold and Silver Chart Analysis January 2023 with Patrick Karim

This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks.  Patrick Karim of NorthStarBadCharts.com joined us over on […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE