Tom provides a new update on central bank gold buying and what is taking place in the silver market.\u00a0 Tom discusses how central banks purchased a record 630+ metric tons of gold last year, and he sees continued strong buying as China and Russia diversify away from U.S. Dollar assets.<\/p>\n
According to the data that Tom is looking at as of March, central banks are on track to purchase over 800 metric tons of gold.\u00a0 He says, “What do central banks know that we don’t?”<\/strong><\/span>\u00a0 Tom goes on to say, “why are central banks purchasing so much gold… do they believe it will be apart of some new currency reset or gold-back currency?”<\/p>\n Furthermore, Tom believes the U.S. Dollar will lose a great deal of value during a reset.\u00a0 And, if you own most of your wealth in U.S. dollar assets, you could take a big haircut, which is why it is wise to hold a portion of your wealth in the precious metals.<\/p>\n