Central banks continue to accumulate gold at the fastest rate ever.
In January and February 2023, central banks collectively bought 125 net tons of metal, the highest amount since 2010.
Why is it interesting?
If you look at the list of net buyers, you will notice that 3 of them are from BRICS countries.
We are witnessing the emergence of a multipolar world, with a world centered on the United States on one side and a world centered on China on the others.
Gold plays an important role in this multipolarization. The BRICS need the precious metal to support their currencies and move away from the US dollar.
It is therefore clear that investors should gain exposure to gold and gold mining companies.
