Central bank gold moves are about repatriation, not liquidation – StoneX’s O’Connell - KITCO
Central bank gold moves are about repatriation, not liquidation – StoneX’s O’Connell - KITCO
Source: KITCO
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DW NOTE
Central banks moving gold from London and New York vaults back to national territory isn't a vote of confidence in anything — it's a hedge against asset freezes. When Russia's $300 billion in reserves were immobilised in 2022, every finance ministry on earth took notes. Physical repatriation is the only counterparty risk that goes to zero.