
In this presentation, Jeffrey Christian of CPM Group discusses the recent practices and policies of central banks regarding gold. He provides a detailed analysis of annual gold purchases and sales since 2000, and the shifts in central bank activity since then.
Jeffrey also looks at some of the rumors surrounding central banks’ gold activities, debunking claims that they are “aggressively” accumulating gold or planning for a gold-backed BRICS currency. He explains how central banks have actually reduced their gold purchases as prices have risen, reflecting a long-term, price-sensitive approach.
The video concludes with a review of recent activity in the gold and silver markets, including CPM Group’s expectations for lower prices and buying opportunities in the short-term, and higher prices as we move closer to the election and end of the year.
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