GLD
🏦 Central banks, particularly within the BRICS nations, are increasing their gold reserves.
🛡️ Gold is seen as a safe haven, unaffected by sanctions and stored outside US-controlled accounts.
📈 Russian gold reserves increased by 33% in 2024, contributing to gold’s price surge.
💰 Accumulation of gold is part of a broader dedollarization strategy among certain countries.
@Invierteygana:
“In 2024, some BRICS countries, such as Russia, China, and India, have bought large quantities of gold. In fact, Russian gold reserves have increased by 33% this year, which has helped the strong increases in the price of gold in 2024. Gold can be stored where you want; it is not in bank accounts in the United States, and any country will accept payment in gold. Gold is not affected by sanctions, and hence the accumulation of gold by some central banks.”
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Read more articles featuring the most recent analysis of Gold (GLD) at this link: GLD stock.
