Latest / Monetary Policy Explained with Fexingo: Central Banks, Money Supply, and Interest Rates
Why Central Banks Are Stockpiling Gold
Central banks have been buying gold at the fastest pace in decades—over 1,000 tonnes annually in both 2024 and 2025. Lucas and Luna dig into the drivers behind this historic accumulation, from de-dollarization and sanctions risk following the freeze of Russian reserves to the search for a neutral reserve asset. They highlight the leading buyers, including the People's Bank of China and the National Bank of Poland, and explain how gold fits into modern monetary policy. Along the way, they consider what this gold rush tells us about the future of the dollar, global payment systems, and…
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