Global Central Bank Gold Holdings se je povečal na 36,000 Tone noter 2021, Povečanje, pripisano padcu dolarja

Skupna količina zlata, ki ga imajo centralne banke v rezervah, je dosegla vrh 36,000 tone prvič po 1990, so pokazali podatki Svetovnega sveta za zlato. To povečanje sledi rasti v bankah’ reported holdings of the asset by 4,500 tons over the past decade.

Vsebina

dolar’s Decline a Boon for Gold

The amount of gold held in reserves by central banks as of September 2021 grew to a new high of 36,000 tone prvič po 1990. According to the World Gold Council (WGC), this increase in central banksgold holdings to a 31-year-high came after the institutions successfully added 4,500 tons of the precious metal over the past decade.

V poročilo published by Nikkei Asia, the WGC attributes central banksgrowing preference for gold to the U.S. dolar’s decline. The report explains how the U.S. Državne rezerve’s significant monetary relaxation has resulted in an increased supply of U.S. dolarjev. This increase in the supply of dollars has, in turn, caused the value of the dollar against gold to drop sharply in the past decade, the report asserts.

To support the theory that central banks are increasingly opting for gold, the report points to Poland, whose central bank is believed to have purchased about 100 tons of gold in 2019. Concerning the National Bank of Poland (NBP)’s purchase of the gold, the institutions president Adam Glapinski is quoted by reports pointing to the fact that the precious metal is not directly tied to any nations economy and that this enables it to endure global unrest in markets.

Gold Free From Counterparty Risks

In addition to being relatively immune to violent changes in financial markets, gold is commonly thought to be free from credit and counterparty risks. to, according to the report, is one of the reasons why Hungary beefed up its gold reserves to over 90 tons.

The report also suggests that central banks in emerging economies are similarly trying to limit or reduce their reliance on the dollar. Poleg tega, these central banks are building up their gold reserves in order to limit their respective economiesexposure to their depreciating currencies.

Prior to 2009, many central banks preferred increasing their holdings of dollar-denominated assets such as U.S. Treasury securities with proceeds from gold sales. Vendar, po 2008 financial crisis that resulted in the outflow of funds from United States government bonds, confidence in the U.S. dollar dropped, je pisalo poročilo.

As WGCs September data suggests, gold is again becoming a tool used by central banks to protect their assets.

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