Does Institutional Gold Repatriation Affect Bullion’s Price?
You may have read in the news how many central banks ranging from Germany, Poland, India, Russia and Brazil have been moving their gold reserves from the New York Fed and London to vaults that they own domestically. As an investor, you may be wondering what implications this trend has for the trajectory of your gold holdings and how you should respond to this accelerating phenomenon. First things first, a recent event triggered central bank repatriation of gold on a scale that hadn’t happened in decades. In 2022 when Russia invaded Ukraine, its assets held abroad, mainly in Europe and…