🔥 23 months and counting: central banks just can’t stop buying gold.
Poland added another 20 tonnes, bringing gold to 31% of its total FX reserves.
China extended its buying streak to 16 months in a row — now sitting on 2,308 tonnes.
Uzbekistan is quietly going all-in, with gold making up a staggering 88% of reserves.
On the flip side, Turkey offloaded roughly 120 tonnes in March. But this wasn’t a bet on falling prices — it was a wartime move to fund FX needs during the Iran conflict.
So here’s the real question
Is this 23-month buying spree a sign of deep conviction in gold’s role as a reserve asset? Or are central banks simply following the crowd, adding momentum to momentum? 🤔
With geopolitics heating up and dollar diversification accelerating, my guess is conviction is growing — but nobody wants to be the first to stop.
Please don’t forget to like, follow, and share! 🩸 Thank you so much ❤️
#freedomofmoney #IranClosesHormuzAgain #CZLiveAMA #EthereumFoundationETHSaleForOperations #PolygonFunding