Central Banks' Gold Buying Spree Explained

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Feb 21, 2024, 11:38 ET

Panel of industry professionals examines the rapid rate at which central banks have been buying physical gold

AUSTIN, Texas, Feb. 21, 2024 /PRNewswire/ -- Central banks as a whole have dramatically increased their purchases of physical gold in recent years. What do these powerful institutions see in the precious metal, and do those same benefits translate to American portfolios?

In the latest episode of U.S. Money Reserve's exclusive video series, "In Conversation," our panel of experts—including two former Directors of the U.S. Mint—examines central banks' record-breaking demand for physical gold, and breaks down the possible motives behind these purchases. Viewer will also learn which economic factors are currently making gold a prized asset for government banks around the world.

Hosted by Chuck Woolery, this week's panel includes Philip N. Diehl, 35th Director of the U.S. Mint (1994–2000) and President of U.S. Money Reserve; Edmund C. Moy, 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve's Senior IRA Strategist; Angela Roberts, U.S. Money Reserve's Director of Education; and U.S. Money Reserve's Coy Wells.

For more information or to speak with company leadership at U.S. Money Reserve, please contact Christol Farris at 512-568-9991 or [email protected] or visit www.usmoneyreserve.com.

About U.S. Money Reserve

U.S. Money Reserve is one of the nation's largest private distributors of U.S. government–issued gold, silver, platinum, and palladium products. The company is not affiliated the U.S. Government and the U.S. Mint.

Founded in 2001, U.S. Money Reserve has grown into one of the world's largest private distributors of U.S. and foreign government–issued gold, silver, platinum, and palladium legal-tender products, as well as precious metals IRAs. Hundreds of thousands of clients across the country rely on U.S. Money Reserve to diversify their assets with physical precious metals.

U.S. Money Reserve's uniquely trained team includes coin research and numismatic professionals equipped with expert market knowledge to find products that offer the highest profit potential for precious metals buyers at every level. U.S. Money Reserve goes above the industry standard to provide superior customer service, with the goal of establishing a long-term relationship with each and every one of its customers. U.S. Money Reserve is based in Austin, Texas.

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SOURCE U.S. Money Reserve