Central Banks Are Buying Gold Again | Raleigh News
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Central Banks Are Buying Gold Again | Raleigh News
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After decades of ditching gold for paper money, central banks are staging a dramatic comeback — buying record amounts of gold since 2011, especially after the Ukraine war and inflation spiked. From 2022 to 2024, annual purchases doubled to over 1,000 tons, with China alone snapping up $5.7 billion in gold this year. With nearly half of all central banks planning to buy more next year and most expecting to dump dollars while gold soars, they’re quietly rebuilding a global gold standard — one sovereign purchase at a time.
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