CPM Group’s Jeffrey Christian addresses the reality of 22 years of mineable silver reserves, and that the world is not running out of mineable reserves and resources. He then reviews central bank gold policies and practices, shows the role of gold in developing countries’ monetary reserves, discusses the People’s Bank of China’s gold practices and why the November addition of gold to its may not be as ‘bullish’ for gold as some think.

Silver Reserves and Resources

Contrary to popular belief, the world is not running out of mineable silver reserves and resources. According to CPM Group’s Jeffrey Christian, there are 22 years of mineable silver reserves currently available. The amount of silver that has been mined and stockpiled over the years is enormous, and with advances in technology, it is now possible to extract silver from previously inaccessible sources. In addition, recycling efforts have increased significantly, and more silver is being recycled than ever before. Therefore, there is no need to worry about running out of silver reserves anytime soon.

Gold Policies and Practices

CPM Group’s Jeffrey Christian also reviews central bank gold policies and practices. Gold has always been a valuable commodity and a symbol of wealth, but its role has evolved over the years. Central banks hold gold reserves as a means of supporting their currencies and maintaining financial stability. Gold is also used to back up the value of paper currency, and it is often viewed as a safe haven investment during times of economic uncertainty.

Role of Gold in Developing Countries’ Monetary Reserves

The role of gold in developing countries’ monetary reserves cannot be overstated. Countries like India and China have been buying up gold reserves to diversify their foreign exchange reserves and protect against inflation. Gold is also used as collateral for loans, and it is a valuable asset that can be liquidated quickly in times of need. Therefore, the demand for gold is expected to remain strong in the coming years.