9 min read · American Gold Council
Since 2022, central banks have bought gold at the fastest pace in decades, with annual purchases exceeding 1,000 tonnes in several recent years.
Diversification
Many reserve managers hold large amounts of U.S. dollar and euro assets. Adding gold reduces dependence on any single currency or issuer.
No counterparty or sanctions risk
Gold held in domestic vaults cannot be frozen by another government, a consideration that has grown more important for many countries.
Crisis performance
Gold has historically held its value during financial stress, when other reserve assets may fall together.
Who is buying
Leading buyers have included the central banks of China, Poland, Turkey, India and others. The United States still holds the largest official reserve, about 8,133 tonnes.
Why it matters to you
Steady official demand forms a base under the market. It does not guarantee prices, but it signals how the world's most conservative investors view gold.
Educational content only, not investment advice.
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