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The New Gold Rush: Central Banks Are Buying Gold in Record Numbers

By Allegiance Gold Blog, Articles, Gold Investments

Traditionally, buying gold has no been a flagship direction that institutions (banks, lenders, financial advisors) recommend. Yet, this past year Central Banks purchased gold in record numbers… during a time of financial crisis, widespread layoffs, and an impending recession. This blog aims to explore the reason why central banks would move their capital to the tangible asset of gold, highlighting gold’s resilience in volatile markets, its retained value (against the dollar’s decreasing purchasing power), and ultimately, its position as a sound, safe, and worthwhile investment [here’s what the banks don’t want you to know…]

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