The institutions that print the money in your wallet have been buying gold at the fastest pace in fifty years. For the first time since 1996, central banks' gold holdings have passed their U.S. Treasury holdings to become the world's single largest reserve asset.
They are among the most informed, least emotional buyers on earth. When that kind of buyer converts money into metal at this pace, the honest reaction is curiosity, not imitation.
Gold and the Long Suspicion walks through five reasons central banks keep buying - the slow erosion of the petrodollar, the lesson of $300 billion in frozen Russian reserves, gold's real relationship with inflation, the fifty-year experiment in fiat trust, and what retail investors should (and shouldn't) actually hold.
Written by a Korean nurse who watches American markets from across an ocean, this is not a forecast and not a buy signal. It is an understanding signal.
Because when central banks buy something, retail investors should know why.
