As the ECB states…
“Since 1999 the global gold market has developed considerably in terms of maturity, liquidity and investor base. The gold price has increased around five-fold over the same period. The signatories have not sold significant amounts of gold for nearly a decade, and central banks and other official institutions in general have become net buyers of gold.”
The tin foil hats might interpret this as a globally coordinated preparation to smash gold with limitless power. The cheerleaders would see it as gold to da moon, and I see it as an outmoded agreement in light of an established trend of central banks holding on to their gold. Just as the ECB states.
I just thought it was interesting, if nothing else.
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