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The Central Bank of China has bought gold for nine consecutive months, averaging no more than 100,000 ounces per month, with an increase of 60,000 ounces in July, bringing the gold reserves to 73.96 million ounces.
The Central Bank is very conservative, with the main goal of protecting assets, rather than speculating on gold; it is about asset allocation.
With the recent news that "the U.S. allows 401k retirement funds to purchase digital currencies", I believe that super buyers of Bitcoin and ETH haven't entered the market yet, but they will sooner or later, right?
What do you think?