Philip Patrick
👤 SpeakerAppearances Over Time
Podcast Appearances
I don't even have a signed copy of that book.
Yeah, thank you.
Thank you for that.
We're very proud of it as well.
Make sure you get to Philip Patrick.
989898.
Thanks, Steve.
Absolutely.
We've seen record setting central bank gold buying.
As I've said before, the pace of this buying is escalating.
The last recorded quarter, the third quarter of this year, central banks set a new record, beating the previous quarter record by 28%.
So the velocity is increasing.
It's being driven predominantly by China, India and others.
And like I said, I don't think it's going to stop.
Look, I don't know if it's necessarily a fear of missing out when it comes to central banks.
We're seeing that certainly with retail investors, institutional investors, with prices moving as they are.
What was traditionally a safe haven asset is now being viewed as a growth asset.
I think for central banks, it's a little bit different.
There's structural shifts happening.
I think there's two drivers.