GRIMALDI & PARTNERS: Why are central banks still stockpiling gold in their vaults?

By Silvano Grimaldi, CEO Grimaldi & Partners

Zurich – Is gold preferable to stocks in 2023? How far will the price of gold go? Silvano Grimaldi, CEO of the independent asset management company Grimaldi & Partners AG, gives you the answers to these questions.

Trend to increase gold
There is an increasing trend by central banks and investors, particularly Europeans, to buy gold due to inflation concerns and geopolitical risks. Central bank purchases in 2022 were the highest since 1967 and this trend is expected to continue in 2023.

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