Central Banks’ Gold Buying Spree Explained

Panel of industry professionals examines the rapid rate at which central banks have been buying physical gold

AUSTIN, Texas, Feb. 21, 2024 /PRNewswire/ — Central banks as a whole have dramatically increased their purchases of physical gold in recent years. What do these powerful institutions see in the precious metal, and do those same benefits translate to American portfolios?

In the latest episode of U.S. Money Reserve's exclusive video series, “In Conversation,” our panel of experts—including two former Directors of the U.S. Mint—examines central banks' record-breaking demand for physical gold, and breaks down the possible motives behind these purchases. Viewer will also learn which economic factors are currently making gold a prized asset for government banks around the world.

Hosted by Chuck Woolery, this week's panel includes Philip N. Diehl, 35th Director of the U.S. Mint (1994–2000) and President of U.S. Money Reserve; Edmund C. Moy, 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve's Senior IRA Strategist; Angela Roberts, U.S. Money Reserve's Director of Education; and U.S. Money Reserve's Coy Wells.

This article was originally published by Cision US Inc. PR Newswire.


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