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Why central banks buy gold

Commentaries & Views

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CPM Group's Jeffrey Christian discusses how central banks buy and sell gold, and their policies related to the precious metal. He then discusses gold’s role as a monetary reserve asset and why the dollar value of gold holdings are up sharply. Jeff ends the video with an important Gold and Silver Market update ahead of the FOMC meeting this week.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.