Poland’s central bank is buying the dip as gold's biggest buyers aren't backing down - KITCO
Poland’s central bank is buying the dip as gold's biggest buyers aren't backing down - KITCO
Source: KITCO
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DW NOTE
Poland's central bank added 11 tonnes last quarter while China bought 27 tonnes and Turkey 17. When gold falls 22% from its high, central banks accelerate purchases — they're not trading momentum, they're diversifying away from assets that yield 4.48% while consumer prices rise 4.27%. The dollar's real return is effectively zero; gold's is whatever fiat currencies lose.