
The gold market was captured by surprise when 2 of eastern Europes most significant economies, Poland and Hungary, made uncommon purchases in current months. Why central banks buy gold is often a major subject of market speculation. . Here is a post about why Central Bank is purchasing Gold. , if want to check out the original content check out the link at the end of this post. 1. Why do main banks own gold? Gold– a finite possession as opposed to a fiat currency– can help support economies amid times of market turmoil. Central bank holdings of gold have leapt in the previous decade, driven generally by Russia, China and Kazakhstan, among other nations. Central banks now hold more […]