Maybe gold miners are a good investment if central banks are dumping dollars

Central Bank Gold Binge Is Even Bigger Than Previously Thought

Countries expanded bullion reserves by 337 tons in the three months through September, the World Gold Council said in a report Tuesday. That follows an increase of 175 tons in the second quarter, which was bigger than the council’s previous estimate of 103 tons.
Central bank purchases for the first nine months of the year now total 800 tons, driven mainly by China, Poland and Singapore, as well as unreported buying. The pace has exceeded the amount for the same period of last year, which ended with record demand.

China is leading a 'voracious' gold-buying spree as central banks try to shrink dollar reserves

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