Digital and physical gold. The president of Salvador, Nayib Bukelehas just announced that the central bank has massively invested in gold. A first since 35 ans which is part of a broader strategy for diversifying the country's reserves. Indeed, the Central American Nation already holds Important Bitcoin reserves (BTC)and this present purchase of gold may well foreshadow a major investment in digital gold as well.
The key points of this article:
The Salvador made a historic investment by buying 13,999 ounces of gold, marking the first purchase of gold from its central bank in 35 years. This movement is part of a strategy for diversifying reserves, already marked by a significant detention of Bitcoin, and could foreshadow a future major investment in digital gold.
Salvador invests in value reserves with gold and bitcoin
It is especially on X that the president Nayib Bukele announced the purchase of 13 999 onces d’oror more than 435 kgfor an amount of $ 50 million. Or an average cost price of just under 3,572 dollars per ounce (about 31.1g of pure metal). This purchase increases gold reserves from nearly +32%bring them to about 58,105 ouncesor more than 1,8 tonne precious metal. With a total value of almost $ 207 million.
“The purchase of this precious metal is the first made by the Central Bank since 1990. (…) This acquisition is part of a long -term strategy based on a careful balance in the composition of assets which constitute the international reserves[ofSalvador)»»[duSalvador)»
The Central Reserve Bank (BCR) du Salvador
Will Nayib Bukele will bet again very big on the BTC?
The purchase of gold by Salvador is not an isolated case. Many central banks around the world increase their gold reserves. There Chinel’Inde and the Russia are at the top of this trend, seeing gold as a Ultimate refuge value Faced with global economic uncertainty. Only the Franceor more precisely Nicolas Sarkozya sold gigantic quantities of golden metal, and Bradant 600 tonnes d’or approximately, in 2004. This investment in the famous refuge could also be announcer of a similar movement on Bitcoin, alias «digital gold». Indeed, faced with bets on the predictive markets proposing to bet on the question of knowing If the Salvador will have $ 1 billion in BTC by the end of 2025 (against about $ 700 million currently), President Nayib Bukele clearly suggested that he could » do the funniest thing now ” A few days ago. To date, Salvador has 6 290 BTC In its national treasure, according to data from the government agency The Bitcoin Office. Will the Salvador end up going beyond The blackmail to the loan of the International Monetary Fund (IMF)and massively buy bitcoin? In any case, the supranational body does everything possible to Slow the adoption of the BTC all over the world, Similarly threatening Pakistanafter announcements for mining and a bitcoin reserve in the country.