In 2023, the world experienced a real “gold boom”. Central banks of different countries began to actively replenish gold reserves to strengthen their own economic security.
Having watched the previous videos, you already know that owning the precious metal helps both countries and organizations, as well as individuals, to ensure financial stability and protect savings from economic crises. In this regard, many countries have their own gold reserve.
The past year of 2023 was marked by a series of political and economic upheavals. Growing instability prompted central banks of various countries to reconsider the structure of their reserves, opting for increasing the share of gold.
According to the data by the World Gold Council, the volume of purchases of the precious metal by financial regulators amounted to 1,037 tons in 2023, and investment demand increased by 56% compared to 2022.
In the new episode of “Gold News” you will find out: