World central banks - are still the biggest buyers of gold in the market. But it is worth noting that the rate of metal buying seriously reduced in recent years - based on AMarkets.
Central banks have bought about 166 tons of gold and 22 tons sold in the first half of 2016. Those. net inflow of metal into funds totaled 144 tons - Macquarie data. Last year the net inflow was more - 179 tons. Although the 2016 figure is still higher than in 2013 and 2014. Central banks are buying the metal to diversify their reserves and foreign currency hedging assets in the event of sharp fluctuations.
In all of this it is important to understand that today gold mining companies implement 100% of the gold. This argument is sufficient to understand that the concept in force - the base metal is protected from the risks of the current uncertainty and does not intend to take positions.