Central banks buying record amounts of gold, US stockpiling gold, hinting at big changes

From Investing.com: 2025-04-30 01:06:00

Central banks purchased approximately 34 million ounces of gold last year, continuing a trend of near-record buying. Russia and China have been the biggest gold buyers over the last two decades, with China being the world’s largest producer and buyer of gold. Since Trump’s victory in the 2024 presidential election, over 19 million ounces of physical gold have entered the US, possibly in anticipation of an audit of Fort Knox. This unusual influx of gold suggests that something big is on the horizon. Central bank gold purchases are at record levels, and the US government appears to be stockpiling gold. Stay tuned for more developments.



Read more at Investing.com: The Gold Rush You Weren’t Supposed To Notice and the Next Big Monetary Reset