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Insider Reveals Gold-Buying Frenzy Among Elites
The World Bank just published a very interesting report, Gold Investing Handbook for Asset Managers. The author, veteran central banker Kamol Alimukhamedov explains exactly why central banks are dedollarizing and buying record quantities of gold (for two years in a row). The overarching idea, that central banks see gold as their best economic and political asset isn’t exactly new. We’ve been speculating about their motives for two years now. Alimukhamedov elaborates on their motives to an interesting degree. Personally I give this report a lot more respect than much of the research I read for three reasons: ... (full story)