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Gold Off to a Slow Start as Central Banks Pivot Toward Digital Currencies

Gold Off to a Slow Start as Central Banks Pivot Toward Digital Currencies
May 1, 2021
Some major changes could be coming soon to a central bank near you, with an estimated 90% of them at some stage of developing a central bank digital currency, or CBDC. In October 2020, the Bahamas became the first economy to introduce its own CBDC, the Sand Dollar, but many more national currencies are expected to be rolled out in the coming years.
I have much more to say on this, but first, let’s get an update on official gold purchases. Since 2010, central banks have been net buyers of the yellow metal as they seek to mitigate risk and hedge against their very own monetary decisions. ....

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Gold Off To A Slow Start As Central Banks Pivot Toward Digital Currencies

Gold Off To A Slow Start As Central Banks Pivot Toward Digital Currencies
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