A tweet by precious metals dealer Miles Franklin recently drew attention across financial circles. The tweet noted: “Gold hit $3,500 in April and central banks kept buying like it was cheap. They’ve stacked over 1,000 tons yearly for three years straight (WGC). Now, 95% expect gold reserves to keep rising while dollar reserves fall. What are they bracing for?”
It’s a timely question. Despite hitting a historic high of $3,500.05 per ounce in April 2025, central banks haven’t paused their gold purchases. According to the World Gold Council (WGC), official sector buying has exceeded 1,000 metric tons annually for three consecutive years. That kind of consistent demand hasn’t been seen since the 1960s.
Why Central Banks Aren’t Slowing Down
The WGC’s 2025 Central Bank Gold Reserves Survey confirms the trend: 95% of central banks expect global gold reserves to rise over the next year, while nearly three-quarters anticipate a decrease in their U.S. dollar holdings.
Analysts point to several drivers behind the move: geopolitical tensions, inflation hedging, and efforts to reduce exposure to U.S.-led financial systems. Rhona O’Connell of StoneX said this wave of buying suggests central banks view gold as a “strategic shield” amid growing global uncertainty.
“Gold’s resilience in crisis, its role in diversification, and the shift away from the dollar are all feeding into this,” the WGC noted.
Market Snapshot: Gold and Silver Today
As of June 17, spot gold is trading around $3,430 per ounce, up more than 45% year-over-year. Silver is currently priced near $36.50 per ounce, still well below its 2011 high of $49.80.
With the U.S. Federal Reserve expected to begin easing interest rates later this year, many central banks appear to be positioning ahead of falling real yields, a scenario in which gold historically performs well.
Don't miss out on the opportunity to invest in Gold & Silver. Check out our featured companies today: (Ad)
Augusta Precious Metals(Full Review)
$0 (10 Years)
$50,000
"Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings
Expand Details
Renowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.Goldco (Full Review)
Vary
$25,000
Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee
Expand Details
From precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ yearsAmerican Hartford Gold (Full Review)
Vary
$10,000
American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..