6.16.26 - Central Bank Gold Purchases Up 500%

6.16.26 - Central Bank Gold Purchases Up 500%

Gold last traded at $4,341 an ounce. Silver at $70.33 an ounce.

Central Bank Gold Purchases Have Increased 500% Since 2022! -King World News

Central bank gold purchases have increased a staggering 500% since 2022! In case anyone is wondering how the price of gold and silver corrected so aggressively in that environment, well, let's just say the powers that be love to use psychological warfare against anyone invested in the gold sector. But at the end of the day, gold will always win.

Matthew Piepenburg, partner at VON GREYERZ: Gold. It began the year with galvanic headlines and endless coverage.

Now, midway through that same year, having lost more than 25% from its January high of $5600, many are wondering if peak gold is behind us in the wake of just another broken asset bubble.

Such concerns are understandable, even expected - especially during a shakeout.

Between 1971 and 1980, for example, when gold climbed from $35 to $850, many who loved it in 1980 had been shaken out in 1975 when gold's paper price plummeted midway through an historical bull run.

As for those defending gold, especially from the desks of precious metal enterprises, they can often seem like apologists at best or salesmen at worst.

This too is understandable. This too is expected.