Bullion

With gold seen once more as a strategic asset, central bank buying has been steadily on the rise. One obvious reason is to diversify foreign exchange reserves away from US dollars.

Much of the modern global financial system is a paper system that relies on trust between counterparties. We assume the money will be there when needed.

For most investors most of the time, gold is just another currency. But in times of turmoil, gold takes on another meaning.

Gold has gained more than 8% in 2016 after a volatile year. The 1st half of the year was driven by fears of a worldwide recession and uncertainties around the BREXIT vote.