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HomeNewsOpinionCentral banks are buying gold and holding onto it, hedging all risks

Central banks are buying gold and holding onto it, hedging all risks

Looked at through the eyes of an emerging market central bank, gold is something very special, an everything hedge. Central banks aren’t in it for the short term either: they don’t buy gold to trade. They are buying it for the long term to hedge political risk

Merryn Somerset Webb
April 08, 2024 / 16:42 IST
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These 'beans' and other forms of gold jewelry are increasingly viewed as the safest investment bet for young Chinese. (Source: Bloomberg)
Merryn Somerset Webb is a senior columnist for Bloomberg Opinion covering personal finance and investment. Views are personal, and do not represent the stand of this publication.
first published: Apr 8, 2024 04:35 pm

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