Gold prices fell nearly 7% in October. After just a month of declines, the central bank went against the trend and bought 830,000 ounces of gold—the biggest monthly purchase yet—marking 24 consecutive months of buying.
Think about it: while others sell when prices fall, it buys more. It bought 740,000 ounces in September, then ramped that up to 830,000 in October, bringing total reserves to 78.3 million ounces.
Those who dare to buy during a dip are the ones who truly believe in gold.
$GLD
Think about it: while others sell when prices fall, it buys more. It bought 740,000 ounces in September, then ramped that up to 830,000 in October, bringing total reserves to 78.3 million ounces.
Those who dare to buy during a dip are the ones who truly believe in gold.
$GLD