RealGold Company

in April 2021, the amount of gold in the vaults of the Bank of Thailand considerably increased. Now the country’s gold reserve is worth more than $11 billion. The central bank made the decision to buy an impressive batch of bars just as the price of the yellow metal was heading for the upward trend.Apart from Thailand, Uzbekistan (8.4 tons) and Kazakhstan (4.4 tons) replenished their gold stocks in April.

The World Gold Council* believes that this year central banks will primarily buy rather than sell the yellow metal.

According to analysts of the influential German conglomerate Commerzbank, increased demand on the part of central banks will significantly strengthen the positions of gold in the market. Overcoming the $1,900 mark indicates positive prospects for further price growth. Commerzbank is convinced that it is only a matter of time before the next milestone of $2,000 is reached.News from China

It is not only state financial institutions that are showing a heightened interest in gold. It is in high demand among ordinary people. A case in point is China, where the largest shipment of the valuable metal in the last three years was imported via Hong Kong in April.

According to Rhona O'Connell, head of market research at StoneX Group Inc., a large demand for gold has formed in China due to the problems caused by the pandemic and fears about inflation, but as soon as the authorities issued additional import quotas to commercial banks, the precious metal poured into the country in a relentless stream.

Whether to hurry up or wait? A wise approach to purchasing gold

A changeable world instils fear, confusion, forcing you to take rash action.

Today, most people understand that something needs to be done to protect their future and strengthen Financial Security. But some people seem to be in quite a hurry. Others, on the contrary, are endlessly waiting for something.

Buy it urgently!”

There is a category of people who immediately buy everything that appears promising to them. When they hear that some precious metals, stocks or real estate objects should bring good profits soon, they immediately spend all the money on the purchase.

Then it turns out that the wrong decision was made, and the wrong asset was chosen. But it’s too late — all the money has been spent, so there is nothing else to do but fret over the missed opportunities.

Such people are in too much of a hurry. They seem to be playing roulette with fate. They put all the resources available on the line, hoping that they have guessed the lucky number.

Charlie Munger, an American lawyer, economist, investor and right-hand man of the famous billionaire Warren Buffett, once said:

The main thing is not to get carried away while remaining passive, so as not to become a victim of the other extreme.



“Wait a little bit longer!”

It also happens that a person is afraid of taking the wrong step and hence endlessly waits for the right moment to take action.

Such a person closely monitors the situation in the gold market, the situation that constantly doesn’t work for him/her. If the price rises, this person thinks that it becomes way too expensive for him/her and that he/she must wait until gold becomes cheaper. If the price goes down, this person believes that he/she should wait until it drops further. Meanwhile, currency savings are being devoured by inflation.

A changeable world instils fear, confusion, forcing you to take rash action.

Today, most people understand that something needs to be done to protect their future and strengthen Financial Security. But some people seem to be in quite a hurry. Others, on the contrary, are endlessly waiting for something.



“Buy it urgently!”

There is a category of people who immediately buy everything that appears promising to them. When they hear that some precious metals, stocks or real estate objects should bring good profits soon, they immediately spend all the money on the purchase.

Then it turns out that the wrong decision was made, and the wrong asset was chosen. But it’s too late — all the money has been spent, so there is nothing else to do but fret over the missed opportunities.

Such people are in too much of a hurry. They seem to be playing roulette with fate. They put all the resources available on the line, hoping that they have guessed the lucky number.

Charlie Munger, an American lawyer, economist, investor and right-hand man of the famous billionaire Warren Buffett, once said:

The American currency, like gold, is an object for investments. When the dollar rate is falling, both ordinary people and professional investors put money into gold more actively in order to avoid losses. Increased investment demand for the yellow metal contributes to the growth of its cost.