Central bank gold acquisition in the early 2000s was minimal or net selling, yet gold prices still appreciated significantly due to capital rotation from overvalued US equities into undervalued hard assets globally.
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Speaker
Tavi CostaEvidence Quote
“in the early 2000s, there was no central bank buying gold...gold prices did very well...rotation out of the market [27:06]”
Created: 8/12/2026, 10:26:29 PM
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