Central Banks Record Gold Buying is Front-Running Their m-CBDC Grid

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It was yet another positive but holiday-shortened week for gold and silver bulls.
We have lots of interesting fresh data, news, and information to share with you here.

Let's start with the newly admitted government central bank gold bullion buying still at a torrid pace.

Central bank gold demand to start Q1 in 2023 is the highest and fastest pace we have seen since at least 2010.

Of course, last year, in 2022, central bank gold buying was the largest amount since before World War 2.

Both the silver and gold markets traded positively this Easter week. The spot silver price in fiat US dollar terms rose to close around $25 oz bid. The spot gold price in fiat US dollar terms rose to close the week over the important $2,000 oz level, which I maintain will inevitably prove to become a key long-term price support level in the years upcoming.

The spot gold-silver ratio fell to close the week at 80.

SD Bullion Order Policy Update April 5, 2023: https://SDBullion.com/updates

BIS' Project mBridge
aka
the Global Central Bank's coming mCBDC payment settlement grid:
https://www.BIS.org/about/bisih/topics/cbdc/mcbdc_bridge.htm

That will be all for this important holiday-shortened week and SD Bullion Market Update.

We wish you all a very happy Easter weekend with you and your loved ones.

And as always to you out there, take great care of yourselves and those you love.

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