The WGC review provides data on the demand for gold from the central banks, although most of the information is based on data for the end of May, as they are late in sending out recent statistics on changes in their gold reserves.

According to available data, the total gold reserves of central banks increased by 36 tons, which is -27% less than the previous month. However, the net purchases of gold in the first half of 2019 by the Central Bank amounted to 247.3 tons, which is + 73% more than the same period in 2018

Against the general background, there are 10 countries whose central banks are especially actively increasing their reserves. The largest inflow of yellow precious metal occurred at the Central Bank of Russia (more than 75 tons), the People's Bank of China (more than 60 tons) and Turkey (about 50 tons). Kazakhstan and Uzbekistan bought for two 20 tons of gold. The rest of the gold was acquired by India, Ecuador, Qatar, Colombia and Kyrgyzstan.

Central bank policies should show private investors that gold has an important function of preserving long-term savings, unlike paper currencies, which are subject to inflation and eventually lose their purchasing power.