4. Central banks are buying gold. It is easy to Gold Bar verify, through various sources, that the central banks of the world are stocking up on gold bullion. More than anyone else, the central banks recognize that currency devaluation is almost inevitable. Additionally, the global banking rules may soon change the asset status of gold on a bank's balance sheet. Presently, gold is classified as a "Tier 2" asset. That means when calculating its value on a bank's balance sheet, gold bullion can only be recorded at 50% of its value. There is talk and credible reports that gold will be reclassified as a "Tier 1" asset. This is planned not only for central banks, but for federal, state, and private banks as well. What this means is that banks can trade their deteriorating currencies for gold and this gold can be counted at 100% of its value on the books. This is huge. In addition to the current state of gold-buying by central banks, we may see every bank on the planet entering the market as buyers. If this happens, gold's price will probably rise drastically.https://www.a1mint.com/product-category/gold/gold-bars/
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Central banks are buying gold. It is easy to Gold Bar verify, through various sources
Central banks are buying gold. It is easy to Gold Bar verify, through various sources
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