There Are Massive, Record Breaking “Mystery Buyers” In Gold All Of A Sudden (QTR Finance Substack)

  • Which brings me to the latest massive canary in the coalmine for precious metals: all of a sudden we have a sovereign “mystery buyer” in the gold market. And they appear to have an insatiable appetite for the precious metal.Reuters reported this week: “Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council (WGC) said on Tuesday.”
  • Bloomberg called the buyers “mystery whales” and postulated that the mystery buyers were likely either China, Russia, Saudi Arabia or India. READ MORE

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