Global central banks are accumulating gold at record levels this year!

📈 In the first half of 2024, central banks bought a net 483 tons of gold, up 5% from the previous record. In the second quarter of 2024, they bought 183 tons, up 6% from the previous year.

🇵🇱🇮🇳🇹🇷 The National Bank of Poland, the Reserve Bank of India and the Central Bank of Turkey are the biggest buyers.

💬 Adam Glapinski, President of the National Bank of Poland, revealed that it will continue to buy gold, aiming to reach 20% of reserves.

🌍 Spencer Hakimian from Tolou Capital Management believes that China, India, Russia and Saudi Arabia no longer trust Western reserve assets, gold is the only neutral and stable reserve asset.

💡 Kim Dotcom predicts that BRICS gold-backed stablecoins will increase demand for gold and destabilize the USD.

📊 "Global Markets Investor" commented that gold has increased 23% since the beginning of the year, surpassing the S&P 500 by 18%. Meanwhile, BTC has increased 37% despite falling 22% from its March high.

👀 Peter Schiff is still criticizing BTC, saying that it only increased in the first two months of the year and has been falling since then, while gold continues to increase.

💬 What do you think about this trend? Share your opinion below! ⬇️