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Holmes underscored the significant role played by central banks in bolstering gold's prominence, noting a trend of consistent acquisitions dating back to 2010. Over the past two years alone, central banks have collectively added an average of 1000 tonnes of gold to their reserves annually, underscoring their enduring faith in the intrinsic value of this precious metal.
Moreover, Holmes highlighted a fascinating retail trend that has emerged in recent times, exemplified by Costco's remarkable success in selling
The discussion further delved into the evolving landscape of gold purchasing, with notable shifts such as the Bank of Nova Scotia's exit from the gold market. In light of such developments, retailers like Costco have stepped up to meet consumer demand, making gold more accessible to a wider audience.
Looking ahead, Holmes offered insights into potential future trends, including the anticipated impact on junior gold mining stocks and broader retail implications. He hinted at the possibility of gold's availability expanding into mainstream retail outlets, envisioning a scenario where major stores like Walmart could soon offer gold as part of their product offerings.
As the conversation unfolded, it became evident that gold's enduring allure transcends mere investment value, embodying a cultural and historical significance that continues to resonate with investors and consumers alike. Stay tuned as
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