Why does Bank of China stop buying gold?
Gold prices have skyrocketed to New High, pulling the “Bank of China” from buying gold reserves for the first time in 18 months. China’s central bank held a gold bar of 72.80 million troy ounces in May 2024. Today, ACU Pay will tell you why the Bank of China stopped buying gold and what the future price of gold will be.
Why is “Gold” hard to find these days?
Gold is known to be a Safe Haven that many investors accumulate, but did you know that now gold is becoming increasingly rare, and gold may remain on earth for only the next 19 years? Today, ACU PAY will talk about the scarcity of gold.
Why do central banks all over the world stockpile ‘gold’ as reserves?
With market volatility and a slowing economy, people are striving for something called Safe Haven. One of the Safe Havens is ‘gold’, an asset held by several central banks as an international reserve.
