Central bank gold buying: One more positive signal for gold in 2019?
“As central banks have upped their ante to gold, investors searching for ways to optimize portfolio outcomes might ask if they could potentially benefit by taking a page from the central bank playbook—using gold to diversify their own portfolios.”
USAGOLD note: It is a vindication of sorts to know that central banks accumulate gold for the very same objectives pursued by individual investors. Though ‘peace of mind’ is nowhere to be found on the chart below, it is the one objective that comprises the sum total of the roles listed.
Chart courtesy of the World Gold Council-GoldHub