If you’re wondering, “Do banks buy gold?” the answer is a resounding yes. With inflation rising dramatically, financial institutions currently purchase gold in large quantities.
Therefore, it is essential to understand the benefits of investing in gold to fully grasp how banks use gold investments to protect themselves against fluctuations in the market.
Central banks are the most significant global purchaser of gold and currently hold around 20 percent of the world’s gold. When we refer to ’20 percent of the world’s gold,’ it refers to the total gold extracted and refined throughout history, which is an incredibly significant amount….