They´re At It Again.

arriba-Dec-13-2022-09-26-29-5972-PM

They´re At It Again.

 

Dear investor.

 

The World Gold Council reports that central banks started the year buying gold-like chocolates for Valentine's day. In January, central banks purchased  31 tonnes of gold. 

 

Most of the buying was done by three central banks, Turkey, China, and Kazakhstan.

Turkey was the largest official gold buyer in 2022

 

The WGC estimates that this pace will continue throughout this year. Last year, central banks purchased 1.136 tonnes...the most on record and more than a 150% increase from the previous year.

 

WGC stated that geopolitical tensions plus high inflation are reasons for holding gold.

 

Investors: it's important to note; central banks purchase based on long-term protection strategies. 

 

This is what most investors need to practice instead of  foolish attempts at outsmarting markets on a short-term basis. 

 

Investing is about building your holdings and not expecting unrealistic returns tomorrow.

 

This is a sound road map to follow in a world with endless obstacles...there is no simple solution to the problems we face today. Protect your assets. 

 

What a great example for those who have not started.

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Credits: WGC...Anna Golubova´s chart and data from her article.

Short-term: Headlines are your buying opportunities.

 

Long-term: Fundamentals are your guide.

 

Much success to all.  

 

Depository relations:

London - Singapore - United States

Canada - Australia - China - Switzerland

Brinks - IDS - Loomis - The Perth Mint

info@intlmetals.com

 

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