{"id":43817,"date":"2019-02-14T19:13:37","date_gmt":"2019-02-15T00:13:37","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43817"},"modified":"2019-02-14T19:13:39","modified_gmt":"2019-02-15T00:13:39","slug":"central-banks-buy-gold-bullion-hand-over-fist-most-purchased-since-1967","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43817","title":{"rendered":"Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.sprottmoney.com\/Blog\/central-banks-buy-gold-bullion-hand-over-fist-most-purchased-since-1967-nathan-mcdonald-14-022019.html\">Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/sprottmoney.com\/media\/magpleasure\/mpblog\/post_thumbnail_file\/d\/1\/cache\/1\/ece9a24a761836a70934a998c163f8c8\/d14e8dab1eea4b6f990756872103c18f.jpg\" alt=\" Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967 - Nathan McDonald (14\/02\/2019)\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptocurrencies have been crushed, the stock market looks poised for a slowdown and the world stands on the edge of a cliff, as geopolitical tensions flare across the globe, waiting for a spark to ignite the flames.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The smart money knows it, and they are starting to move. This includes Central Bankers, which are buying the king of metals, gold bullion, hand over fist.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As I stated at the start of this year, I believe 2019 will see significant accumulation in the precious metals market, which will finally break out of the horrible sideways trading pattern we have been in for years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As many of you know, gold has been stuck in an abysmal trading pattern, moving slightly above $1300 only to be crushed back down toward the $1100 mark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This comes in spite of the fact that we now face the most geopolitical uncertainty we have seen in decades.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, not everyone has been unaware of these dangers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Central Banks spent 2018 accumulating precious metals in a monumental way, increasing their holdings by&nbsp;<a href=\"https:\/\/finance.yahoo.com\/news\/central-banks-bought-more-gold-2018-since-1967-051450294--sector.html\">the most in one year<\/a>&nbsp;since 1967. Quietly accumulating while the rest of the financial world happily ignores the alarm bells going off all around them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recently, the World Gold Council stated that the world consumed 4,345.1 tonnes of gold throughout 2018, up from 4,159.9 tonnes in 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The chief driver of this move higher was Central Banks, which bought 651.5 tonnes throughout 2018, a staggering 74 percent increase over 2017, and as previously stated, the largest increase since 1967.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sadly, Western Central Bankers are still asleep at the wheel and were not the main contributors to this increase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As I have been reporting on for years, countries such as Russia, India, China, Poland, Kazakhstan and Turkey were the main purchasers of gold bullion throughout 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Banks Buy Gold Bullion Hand Over Fist, Most Purchased Since 1967 Cryptocurrencies have been crushed, the stock market looks poised for a slowdown and the world stands on the edge of a cliff, as geopolitical tensions flare across the globe, waiting for a spark to ignite the flames. The smart money knows it, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[374,16481,6355],"class_list":["post-43817","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gold","tag-nathan-mcdonald","tag-sprott-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43817"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43817\/revisions"}],"predecessor-version":[{"id":43818,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43817\/revisions\/43818"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}