The Fed is currently the only central bank still selling gold. They have been doing so since the 1970s to flatter the value of the paper dollar. The reason the gold price is currently rising is because some central banks (eg, BRICS/SCO) are losing confidence in the dollar and selling dollars to buy gold.
The Fed is currently the only central bank still selling gold. They have been doing so since the 1970s to flatter the value of the paper dollar. The reason the gold price is currently rising is because some central banks (eg, BRICS/SCO) are losing confidence in the dollar and selling dollars to buy gold.
The Fed is currently the only central bank still selling gold. They have been doing so since the 1970s to flatter the value of the paper dollar. The reason the gold price is currently rising is because some central banks (eg, BRICS/SCO) are losing confidence in the dollar and selling dollars to buy gold.