China Leads Secret Central Bank Gold Rush: 80 Tons Per Month Disappearing Into Government Vaults
Something massive is happening in the gold market, and most investors have no idea about its true scale. Globally, central banks are accumulating roughly 80 metric tons of gold a month, worth about $8.5 billion at current prices, analysts at Goldman Sachs estimate. Most of the buying is secret, although trade data indicates China accounts […]