Why China, India, Russia and Poland Keep Stacking Gold Reserves
Sovereign buyers added more than 1,000 tonnes of gold for three consecutive years. We break down who is buying, why, and what it signals for reserve managers everywhere.
Apr 13, 2026
Sovereign buyers added more than 1,000 tonnes of gold for three consecutive years. We break down who is buying, why, and what it signals for reserve managers everywhere.
Critics say paper gold is a fiction. Defenders say it is the same as physical for any practical purpose. The truth depends entirely on the scenario you are hedging.
Gold's performance during the global financial crisis was more nuanced than the narrative suggests. A month-by-month account reveals what gold actually did when the system broke.
Gold lost 12% in eight days, then rallied 40% to a new record. The 2020 round-trip is a master class in how gold behaves through liquidity events and policy responses.