Central Banks do not trust dollar and buy all world’s gold

Central Bank of the World Due to the mistrust of the dollar increased the share of gold in their assets to the mark of 36 thousand tons, which became a record indicator since 1990. This was reported today to Nikkei newspaper.

According to the report, over the past 10 years, the proportion of this asset increased by 15%, or 4.5 thousand tons. The appropriate trend is associated with the emergence of the global financial crisis in 2008, which lowered the confidence of central banks to dollar assets. In this regard, the states began to purchase gold to protect their financial systems, since this assets no credit risk, as well as bankruptcy risk, emphasizes Nikkei.