Gold Repatriation & Central Bank Buying Are No Coincidence
The comments below are an edited and abridged synopsis of an article by Chris Marcus
Throughout 2022 there was a theme of protecting assets against geopolitical risk.
Central banks have been buying gold at a record pace, and some have been repatriating their gold holdings to keep them safe from jurisdictional risk. That risk took on a new significance this year after seeing Russia get kicked out of the SWIFT system, while many of its assets were frozen.
It’s almost as if the fears many gold and silver investors have had for years about a move away from the US dollar and into hard assets have finally manifested. And that it’s no longer a matter of what ‘could’ happen ‘one day,’ but rather what continues to occur before our eyes on an almost day-to-day basis.
In this show, Chris talks with Jay Martin, host of the Vancouver Resource Investment Conference, about his thoughts on what we witnessed in 2022 in the gold and silver markets and some of the trends he expects in 2023 and beyond.
Jay talks about why central banks are taking active steps to increase and secure their gold holdings, the current environment for the mining sector, the concerns in the energy market, and how the investors and fund managers he speaks with on a daily basis are responding to current conditions.