Eurasia Review/Alex Gloy-Fair Observer/2-18-2023

“Gold is the anathema to a fiat-based monetary system. Record gold purchases by central banks are a red flag regarding the stability of our current monetary system. When central banks embrace gold, it is an indicator that they are losing trust in the current system. “

USAGOLD note: Eurasia Review returns to a World Gold Council survey of central banks from last June – a revealing look at what is driving official sector interest in gold. It delivers insights especially interesting in light of developments since then. This article will appeal to readers who would like to dig a little deeper into the forces now at work in the gold market. Gloy’s credentials include stints at Deutsche Bank and Credit Suisse over a 35-year career with a focus on macroeconomic research.