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Central banks buy 77 tons of gold...Here's Why

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zerohedge.com

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newsletter@email.zerohedge.com

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Mon, Oct 23, 2023 02:28 PM

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NEW! Learn How to Help Protect Your Savings Central banks buy 77 tons of gold... Here's What You Nee

[View this email in your browser](*|ARCHIVE|*) NEW! Learn How to Help Protect Your Savings [FREE GUIDE: 2023 Smart Savers Playbook]( Central banks buy 77 tons of gold... Here's What You Need to Know The World Gold Council reports that, in August, central banks bought 77 tons, 38% more than in July. China, Poland and Turkey headed the list of buyers.. Chinese citizens are being urged to buy gold. The People’s Bank of China has opened a facility to convert cash savings that into gold. Poland’s gold reserves now stand at 314 tonnes. Turkey is also rebuilding its holdings adding 15 tonnes in August. Gold has been an essential component in the financial reserves of nations for centuries, here's why: - Gold can hedge inflation Gold can hold its value and preserves your purchasing power over time, despite a wavering dollar. - You can diversify your portfolio with gold During times of economic downturn, gold can be a smart way to ensure a diverse portfolio. [Get prepared now: FREE copy of the 2023 Smart Savers Playbook]( - Gold has liquidity In a recession, liquidity — is key. If you fall on hard times, you have the option to cash in on physical assets like Gold. - Inverse Relationship to The Dollar Historically, Gold has an inverse relationship with the US dollar. When the dollar dips in value, gold typically rises, - No Credit, no counter-party Risk Gold carries no credit or counter-party risks, it serves as a source of trust in a country, making it one of the most crucial reserve assets worldwide. Financial analysts expect central banks to continue buying gold as nations diversify away from the U.S. dollar. [Learn How to Buy Gold & Silver with a free copy:]( The 2023 Smart Savers Playbook [GET FREE PLAYBOOK]( This email may contain information from third-party sources that are not affiliated with American Coin Company, LLC. American Coin Company, LLC is not responsible for the content, accuracy, or reliability of any information or statements contained in this email that originate from third-party sources. The information contained in this email is provided for informational purposes only and is not intended to constitute legal, financial, tax, investment or professional advice. Any views or opinions expressed in this email are those of the third-party source and do not necessarily reflect the views or opinions of American Coin Company, LLC. The inclusion of any links or references to third-party websites or products does not imply endorsement by American Coin Company, LLC. This email is being sent in compliance with the California Business and Professions Code and the California Online Privacy Protection Act (CalOPPA). If you have received this email in error or would like to be removed from our mailing list, please use the opt-out mechanism provided in this email or contact us directly. If you have any questions or concerns about the content of this email or the handling of your personal information, please refer to our [Privacy Policy](. 1. 2. 3. 4. 5. 6. 7. Copyright © 2023 American Coin Company, LLC All rights reserved. [Credit:RightFramePhotoVideo]( Stock photo ID:1215797476 Upload date: March 31, 2020 You may [unsubscribe]( any time. Zero Hedge, P.O. Box 721, Mahwah, NJ 07430, United States [Link](

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