Are New Central Bank Gold Purchases Telling Us Something?

Investors should pay attention to the latest uptick in central banks’ gold purchases, as these institutions have historically bought gold on the dips, said Jeffrey Christian, managing partner of CPM Group.
“Central banks are more price sensitive than private investors, so they’ll buy on the dips whereas a lot of private investors only buy when the price is rising,” Christian told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco.
Additionally, gold purchases signal that central banks are ready to hedge their U.S. dollar exposure, Christian said. (show less)

Investors should pay attention to the latest uptick in central banks’ gold purchases, as these institutions have historically bought gold on the dips, said Jeffrey Christian, managing partner of CPM Group.
“Central banks are more price sensitive than private investors, so they’ll buy on the dips whereas a lot of private investors only buy when the price is rising,” Christian told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco. ... (read more)

Silver and Gold Summit 2018

Silver and Gold Summit 2018
The Silver and Gold Summit facilitates discussions and debates on precious metals trends, geopolitical risk and investment opportunities within the natural resource economy. Gathering the top thought leaders, CEO’s, investment professionals and retail investors from around the world, the Silver and Gold Summit provides an unmatched opportunity for investors to get a behind the scenes look at how to make money investing in the resource industry. Tremendous wealth will be created in this new resource bull market.

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