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Central banks are doubling down on gold - should you?
When I hear about central banks buying up gold reserves, classic bank heist movies of the nineties and noughties come to mind; naturally one of the most famous being The Italian Job (remake), where an improbably cool and beautiful Hollywood cast steal US$27 million worth of gold and the film's climax involves an iconic pursuit of three Mini Coopers stuffed full of gold bullion as they zip through the streets and tunnels of LA. That film was released in 2003 - if the team had kept their riches, their stash would now be worth roughly US$250 million. With the release of the Central Bank Gold Reserves Survey, the buy up ... (full story)