Central bankers are apparently hot for gold. Very, very hot. As in buying 42% more gold in 2018 than in 2017. We talk a lot about how gold is historically “the” safe haven asset — despite periodic claims by new challengers such as Bitcoin.
But so far, for all of history, when the stuff hits the fan people fall back on gold (and silver, which is another topic).
There’s another saying in investing that usually works out well – follow the smart money. Well, one would hope central bankers are smart, and they sure control a lot of money. So if they’re buying up gold it might just be worth checking out, yes? Today’s featured article talks a bit more about all this. What do you think – Is gold still the ultimate safe haven?
Let us know in the Comments below.
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