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By Ivaylo MARKOV, Managing Partner of Thales Capital
In 2022 we have observed a sharp increase in the demand for gold to fill the gold reserves of the world’s central banks. This is perfectly clear from the published review of the World Gold Council (WGC), about the world's storage of gold over the past year, included in an analysis of the financial portal Investing.com.
World gold production in 2022 increased 2.5 times to a total of 1,135.7 tons of gold, from 450.1 tons in 2021. This is the first time that we have observed a significant increase in the number of transactions during the second half of the year. Finally, in the first quarter of 2022, the central banks of the world collected 88.5 tons of gold, in the second quarter - 185 tons,...
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