The world is in the grips of a gold rush – but this time, it isn’t prospectors going panning in riverbeds. Instead, it’s central bankers stacking up riches in vaults…
During each of the past three years, central banks have snapped up more than 1,000 tonnes of the metal. And they’re not slowing down. In the last quarter alone, India’s central bank bought 3 tonnes of gold… the Czech Republic bought 5… Kazakhstan bought 6… China bought 12… and Poland’s central bank added about 48 tonnes to its gold pile.
With so much momentum behind gold, this is a great moment to own the metal. But it might be an even better time to own gold streaming companies.
This post originally appeared at DailyWealth.