How relevant are the following factors in your organisation's decision
Responses to this question showed a significant change from the previous surveys, perhaps indicating a growing recognition of gold’s performance during periods of market stress after a year of instability stemming from the pandemic.
2021 responses, all central banks
How do you expect global central bank gold reserves to change over the next 12 months?
The majority of respondents believe that central banks will add more gold over the next 12 months, with 52% saying that global central bank gold reserves will increase. However, this is a decrease from last year when 75% of respondents felt that central banks would add more gold in the next 12 months.
How do you expect your institution’s gold reserves to change over the next 12 months?
The number of respondents who will increase their own gold holdings has climbed to 21%, compared to 20% last year. No central bank is planning to decrease its gold reserves, a decline from 4% in last year’s survey.
How do you purchase gold?
Buying gold on the international OTC market continues to be the most common form of central bank purchase, although the figure has fallen to 43% from 60% last year.
In what form do you purchase gold?
Good Delivery bars continue to be the mainstay of central bank gold purchases. Kilo bars and doré comprise far less popular amongst central banks, although their proportion has risen slightly compared to previous years.
Sustainable bonds are bonds where the proceeds will be exclusively applied to finance or re-finance a combination of both green and social projects, as defined by the International Capital Market Association's Sustainability Bond Guidelines
Based on responses to Q17. This question allowed respondents to select multiple answers if they intended to increase exposure to an asset class. Saying that nearly half of respondents will increase their exposure to sustainable bonds is based on the fact that 53% answered that they do not intend to increase exposure.
World Gold Council
The survey is expected to be conducted annually