The move away from the Federal Reserve Note as the global reserve currency of choice has continued in recent years, with fresh developments increasing the greenback’s stiff competition. This has led to massive central bank buying of gold, and that trend appears set to continue in 2021. According to a recent report from the World Gold Council, 21% of global central banks plan to purchase gold this year. Why Do Central Banks Keep Buying? There are a variety of reasons for central banks to buy and hold gold. The yellow metal’s reputation as a portfolio diversifier and its role as a safe-haven asset are well known and ... (full story)