by Mike Maharrey
GoldSeek
While central banks around the world have been aggressively adding gold to their reserves, central bankers don’t tend to talk much about the yellow metal.
Three central bank officials went off script at the London Bullion Market Association conference in Miami.
Reserve managers from the central banks of Mexico, Mongolia, and the Czech Republic sat together on a panel at the conference, and all three indicated their countries plan to add even more gold to their reserves in the near future as geopolitical tensions increase and global interest rates decline, creating more inflationary pressure.
Banco de México international reserves director Joaquín Tapia said, “Given the context that we are facing right now — lower rates, your political tension, U.S. election, a lot of uncertainty — maybe the share of gold in our portfolios could be increasing as well.”