Central Banks Turn to Gold as Losses Mount
![Audio Mises Wire](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/AudioMisesWire_750x516_20180223.jpg.webp?itok=-YVs9bGp 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/AudioMisesWire_750x516_20180223.jpg.webp?itok=Ry3vrlrf 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/AudioMisesWire_750x516_20180223.jpg.webp?itok=df3M-3lK 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/AudioMisesWire_750x516_20180223.jpg.webp?itok=paTFGbVB 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/AudioMisesWire_750x516_20180223.jpg.webp?itok=eIMm0OdX 1530w)
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.
Original Article: “Central Banks Turn to Gold as Losses Mount”
This Audio Mises Wire is generously sponsored by Christopher Condon.