Video Description
Felix Nikolas Prehn, economist and former investment banker, explains why the world's central banks kept buying gold while the price fell to a seven-week low, why they are moving their gold to vaults they trust more, and what America's interest bill could mean for your savings and your pension.
Free report with the original bank charts: https://felixfriends.org/goldfloor
Free live training, no replay: https://survivethebubble.com (comment ACT so Felix knows you're coming)
Gold fell more than 3 per cent in a day as higher oil prices revived bets on another Federal Reserve rate rise and lifted the dollar. But the biggest buyers didn't stop. Goldman Sachs estimates central banks bought 79 tonnes in August, against an average month of 17 tonnes before 2022, and their 3-month pace is close...
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