why are banks investing in gold efts

it has more to do with gold being "pushed out of the market" by the fed: gold's monetary function is now performed by fiat and the price is suppressed to reflect this i think the banks are thinking long term and positioning themselves to take advantage of a future price move up Well, that storm is gathering strength and gold will rise—but not in a straight line. gold’s price will gyrate depending on whether tensions in the Ukraine escalate or de-escalate. Investor demand for gold eft is predicted to reach 600 tonnes with an upward reach of 750 tonnes. China and turkey and Brazil and India are buying gold in a strategy to diversify. The retail and central bank and private investors are buying gold efts creating the perfect storm. Gold target is $2500. Quote But unlike Iraq, Syria, Libya or even Afghanistan (where US doubling down has been an epic failure), the great minds of the West decided to play chicken with a nuclear power, which, well complicates things, no? Given that conventional proxy wars aren’t so easy when dealing with a nuclear adversary, the West’s only viable option once the inevitable (Putin-pre-warned) invasion of the Ukraine occurred, was to weaponize finance rather than flirt with nuclear red buttons. The bond bull market died as yields rose. Gold prices move opposite of bond yield. US commercial banks in the autumn of 2019 were staring down the barrel of a rising USD and rising (i.e., unaffordable) interest rates, they stopped trusting each other’s collateral to make over-night loans. As expected, the Fed stepped in as the lender of last resort and began mouse-clicking hundreds of billions of dollars out of thin air per month to backstop the bank(er)s who created the Fed back in 1913. Us debt to gross national product is 122%. To much debt chasing to little product. https://www.zerohedge.com/commodities/why-gold-will-rise-financial-system-has-changed People are turning to gold because they're scared of what will happen to the USD and they're scared of the consequences of QE, namely inflation