A World Hungry for Gold

Take a hint from what Central Banks are doing!

The word is so hungry for gold that even the World Gold Council, an otherwise staid trade association, edges toward describing it poetically:

“Central banks continued to hoover up gold at an eye-watering pace.”

We’ve always said the central bankers know something about money-printing that most people don’t know.  When foreign central banks keep preferring gold to dollars, it’s because they know where our flim-flam monetary policy is headed.

Total gold transactions came in at almost 5,000 tons last year.  Central banks acquired more than 1,000 tons of gold for the third consecutive year.   We have to admit that is an eye-watering pace.

No one can dispute that gold is in a bull market.  The London gold price reached 40 new record highs during 2024, with an average price in the fourth quarter a record US$2,663.

“In 2025, we expect central banks to remain in the driving seat,” said a WGC analyst.  

The world’s hunger for gold tells us that a fundamental change in the world monetary order is in development.  It would be a good time for you to “hoover up” some gold yourself.