[Skybird]

Matching the above post is the fact that last year the central banks, who try to convince the private people that gold is useless to hold and is no real, clever money these days, have bought the highest yearly ammount of gold since the gold-dollar linking was broken up by Nixon in 1971, or 1972. Never before in the past 47 years central banks a bought so hectically and so much gold, like 2018.



Again especially Russia's role in this is outstanding. They buy gold sicne many years and in reverse got rid of their dollar reserves and US bonds. They just hold a tiny fractionof what they hd just a few years before, and what they still have, 14 billion in US reserves, in itself is practically meaningless.



Why do central banks do this if in their own words it is stupid to hold gold reserves?


I think some thinking about the reasons of this is in everybody's most essential interest.