Central Banks Buying Gold At Levels Not Seen Since 1965

Up until a few years ago, Central Banks of the world were selling their gold because they didn’t think they needed the ‘barbaric relic.’  But with all the money printing activities plunging the value of all fiat currencies around the world to their intrinsic value (=0), they’re now buying gold in substantial amounts.  Here’s Simon Constable of the Wall Street Journal further explaining why they’re expected to be the buyers of at least 10% of the available gold in the coming years.