Central banks, the people who gave us fiat currency, have been net buyers of gold for 8 years. Far and away the biggest buy is the Peoples Bank of China. But it is just a "barbarous relic" after all.
Who is buying all the gold?
Can’t sell without a buyer.
My guess - China.
I know China has been buying it by the ton for quite a long time, if the numbers are correct.
Rumor is that they’re actually understating how much.
What else would they do with all those soon-to-be worthless dollars, besides buying up American companies and real estate?
Central banks, the people who gave us fiat currency, have been net buyers of gold for 8 years. Far and away the biggest buy is the Peoples Bank of China. But it is just a "barbarous relic" after all.