What is it known? The British press used the meaningful phrase & quot; Brown ' S Bottom & quot;. It was meant that Brown sold 415 tons of gold from the reserves of the Bank of England for 3.5 billion in 1999. Now the Bank of England could help out 48 billion. Brown made one of the largest mistakes in the history of central banks.
What are we constantly reading now? Central banks aggressively buy gold, including 3500-3600. Either they make an even greater mistake than Gordon Brown, or they know something.
& quot; The central banks as a whole actively purchase gold, and do not sell it, which is confirmed by record-high clean purchases in 2022 and 2023. The supply of gold to Russia, on the contrary, decreased in 2023-2024, and most of the Russian gold was exported. The main buyers of gold are the central banks of developing countries, such as Türkiye, China and India. In Russia, there is an increase in gold production, which requires large purchases from the Central Bank to reserves to support the gold mining industry. In 2023, half of the Russian gold settled in the domestic market, and half was exported to Turkey, China and the UAE. & Quot;
at the current price of gold, you can look differently. Most reads about the next & quot; the historical maximum & quot;, that is, looks at the nominal price of 3700. Someone compares the ounce with real estate, copper, textiles, car, oil, etc.. Both the first and the latter come to a single conclusion: gold is very expensive. There is a suspicion that central banks are looking at a completely different benchmark. The Central Bank takes part in the creation of a new M2. Therefore, it is logical to assume that the Central Bank compares the performance of gold with a performance M2. Since gold is mainly traded in dollars, we are primarily interested in M2 in the United States. Starting in March 2020, the Fed has increased the monetary pretext of 6 trillion - this is an increase of 40% in 4 years. This is more than created in the previous 10 years, when the Fed, too, did not sit idle either. The price of gold does not keep up with the growth of M2. You can argue about where the goal is at a price, but one thing is clear: the goal is still higher.
https://boosty.to/investnavigator
