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The Bank of England in the 2000s? The Swiss National Bank in the 2000s and again in the 2010s? Central banks sell gold all the time, there isn't some bubble abo
by dmurray 7y ago
The Bank of England in the 2000s? The Swiss National Bank in the 2000s and again in the 2010s? Central banks sell gold all the time, there isn't some bubble about to burst once a single central bank sells its reserves.
Even if the central banks did sell all their reserves, sure, it would be a shock to the gold market and professional commodity traders would notice, but it wouldn't vastly change the availability of gold in the long term. The central banks have maybe 20% of the world's mined gold in their vaults. Most of it is already being used in jewellery or industrial applications.