There’s something happening here, not just recently in terms of the trend of Central Banks from selling a little bit of Gold to buying Gold, but just their absolute holdings, relative to the size of their economies says to the world, these Central Banks believe that Gold has value and it’s an important asset to back up their economy and back up their currency. Otherwise, if it wasn’t, they wouldn’t be holding all of that Gold. They’d be getting rid of it and getting something else to represent that. So there’s a message being sent."
- APMEX CEO, Michael Haynes
Numerous foreign countries, including both the citizenship and their Central Banks, have centuries of experience in politics, currency and economics. This is in sharp contrast to the U.S., which is still a relatively young country. These nations are actively engaging in both private and public ownership of Gold during these uncertain and volatile times. This begs the question: What do they know, collectively, that we do not know? What is driving them towards encouraging private ownership and increasing their Gold reserves?