Goldman’s Currie Says Central Banks Eat Up 20% of Gold Supply

The video discusses the role of gold in the fear trade as a protective asset amidst economic uncertainties. It highlights the decline in investment due to political and trade uncertainties, leading to excess savings. This situation supports the demand for gold and bonds. Additionally, the video explores the concept of dollarization and how central banks' increased demand for gold is reminiscent of the Nixon era, consuming a significant portion of global supplies. The preference for gold over bonds is emphasized due to the lack of reflection of dollarization in bonds.

Why is the demand for gold from central banks described as being as significant as during the Nixon era?

In what ways do bonds fail to reflect the current economic trends discussed in the text?