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

Listen: The Case For Gold and How To Buy It

Gareth Soloway – This is the catapult that will send gold to new highs

Former Fed Insider Danielle DiMartino Booth Gives Us Her Interest Rate Predictions

Blog posts

Economists Write Yet Another Report To Explain How Inflation Happens

It’s always good to have regular validation about decisions we choose to make. Take the decision to buy gold, for example. At the moment central bankers and economists just can’t help themselves but make statements or hold press conferences or publish papers that effectively say to gold investors ‘KEEP GOING!’. Whether it is Andrew Bailey […]

READ MORE

A Showdown in Gold Is Imminent

The industry-leading In Gold We Trust Report was released this week. So convinced are the authors “that the monetary and geopolitical situation as well as the chart development of the gold price suggest that a showdown in gold is imminent” that the 2023 report is entitled “Showdown”. This is arguably one of (if not the) […]

READ MORE

Listen: The Case For Gold and How To Buy It

This week Stephen Flood, GoldCore CEO, spoke to Stuart Berryhill of the Money Vision U podcast. Money Vision U is a financial literacy podcast that describes itself as the “financial class you should have in High School”. We think that one of the best things you can do for people today is to give them […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Listen: The Case For Gold and How To Buy It

Gareth Soloway – This is the catapult that will send gold to new highs

Former Fed Insider Danielle DiMartino Booth Gives Us Her Interest Rate Predictions

Blog posts

Economists Write Yet Another Report To Explain How Inflation Happens

It’s always good to have regular validation about decisions we choose to make. Take the decision to buy gold, for example. At the moment central bankers and economists just can’t help themselves but make statements or hold press conferences or publish papers that effectively say to gold investors ‘KEEP GOING!’. Whether it is Andrew Bailey […]

READ MORE

A Showdown in Gold Is Imminent

The industry-leading In Gold We Trust Report was released this week. So convinced are the authors “that the monetary and geopolitical situation as well as the chart development of the gold price suggest that a showdown in gold is imminent” that the 2023 report is entitled “Showdown”. This is arguably one of (if not the) […]

READ MORE

Listen: The Case For Gold and How To Buy It

This week Stephen Flood, GoldCore CEO, spoke to Stuart Berryhill of the Money Vision U podcast. Money Vision U is a financial literacy podcast that describes itself as the “financial class you should have in High School”. We think that one of the best things you can do for people today is to give them […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE