Business News Asia
A survey conducted in 2021 by GOLDHUB showed that 52% of central banks plan to increase their gold reserves over the next 12 months. 5% said they will reduce part of their gold reserves, 32% said they will not change their gold reserves and 11% do not know yet.
Why gold reserves are important gave most central banks as an answer:
- it is a long-term store of value
- its historical position
- its performance during crises and that it is an effective portfolio diversifier.
70% said they buy gold in “good delivery bars” and mostly through global OTC markets.
The central banks, therefore, remain positive in the direction of gold. In addition, with the current currency policies, almost all regions of the world are exposed to high risks of further crises. This makes it all the more important to hedge against them.