This year the world's “gold rush” continues. Central banks around the world continue to increase purchases of gold for their reserves,
accelerating the price of precious metal in the markets, and at the same time prefer to store it in their own countries. This is stated in the Roscongress report.

Such a rush would be understandable if gold fell in price and central banks stocked up on it cheaply. But no, the precious metal has risen in price to a record level (over $2,400 per ounce)
and will probably continue to rise in price due to increased demand. The authors of the study cite data from the World Gold Council (WGC),
according to which in the first quarter of this year, net demand from central banks for Central Bank gold amounted to 290 tons. “This is the strongest start to the year on record,” the document says.
The main drivers of demand remain the central banks of developing countries such as Türkiye, China and India. The Russian Central Bank is also very noticeable on the gold market.

There is an obvious trend for 2024: the most liquid commodity is gold. And the markets for securities and currencies, including digital and crypto, can burst overnight like a soap bubble.
This is the logic of global financial regulators.

Last year, net purchases of gold by world central banks amounted to 1,037 tons, only 45 tons less than the 2022 record. However, according to analysts, the increased demand for gold did not arise yesterday or two years ago.
It has been visible since 2008, when, against the backdrop of the global financial crisis, the powers that be came to understand that the world monetary system was staggering and, perhaps, was entering a phase of collapse.
This sad fact, and not the coronavirus pandemic or the SVO in Ukraine, was the trigger for the start of the current gold rush.

And the most reliable safety net against inflation is gold and gold jewelry.