𝐆𝐨𝐥𝐝: 𝐭𝐡𝐞 𝐮𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐬𝐚𝐟𝐞 𝐚𝐬𝐬𝐞𝐭

𝐆𝐨𝐥𝐝: 𝐭𝐡𝐞 𝐮𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐬𝐚𝐟𝐞 𝐚𝐬𝐬𝐞𝐭

From 1998 to 2008, central banks sold 3,000-4,000 tonnes of gold amid rising prices, a move many regret.

Deutsche Bundesbank, the second largest holder of gold (after the US Treasury), chose not to sell.

This year, Bundesbank President Nagel announced that he would not consider selling any of the bank's 3,350 tonnes of gold despite reporting a €21.6bn loss in 2023.

He clarified how valuable the gold stocks are in offsetting the weakness of the balance sheet.