Central Bank Gold Purchases Set New Record In 2023 First Quarter

Global Central Banks continue to purchase record amounts of gold as Reserves. Under Basel III regulations, gold is today a Class 1 asset and, by design, they are preparing for a massive Gold Revaluation (against national Fiat Currencies) to take place when the current Fiat Debt System reaches its logical conclusion (collapse). Central banks worldwide are amassing significant amounts of gold in their reserves. They increased their holdings by 228 tons during the first three months of 2023, setting a Q1 record. This represents a 38% increase compared to the previous record set in 2013. Last year, central banks bought…