Gold And The Financial Reset: Why Central Banks Are Buying

Gold pulled back roughly 20 per cent from its highs, yet central banks bought a record amount in a single quarter, spending some 40 billion dollars on the metal. Felix Nikolas Prehn connects this buying spree to a broader pattern: Bank of America data showing productivity and consumer confidence falling together for the first time since 2008, despite 1.5 trillion dollars already spent on AI. He examines the concentration risk inside the S and P 500, where 70 per cent of this year's gains came...