Gold bullion production is a very good indicator of the strength of the gold bull market, however, it isnt the full story. To continue, we must examine who exactly is buying the yellow metal and why.
The largest buyers and sellers of gold bullion over the last 40 years are the worlds central banks. While central banks are really a whole other topic in their own, the most important point is that central banks keep reserves in the various world currencies such as US dollars, Japanese Yen,
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