Bullion Bank: Central Banks Now Buying OTC Gold Under the Radar

According to the bank, the discrepancy likely represents sovereign gold movements increasingly disappearing from trade statistics altogether.

One could say the Goldman Sachs report describes central banks increasingly buying gold “under the radar,” as sovereign purchases appear to be disappearing from traditional UK trade statistics even while London vault outflows continue rising. The bank’s revised methodology effectively argues that official-sector demand remains stronger than publicly visible data had suggested.