Can you buy gold? Gold prices have skyrocketed this year, but who are the craziest gold buyers? Not retail investors, not institutions, but central banks around the world. In 2024, global central banks' net gold purchases reached 1,045 tons, breaking the 1,000-ton mark for three consecutive years. Poland increased its holdings by 18.66 tons in one go, Kazakhstan followed closely with an increase of 15.65 tons, and China's central bank steadily added 6.22 tons... 77.85% of the U.S.'s asset reserves are gold, holding 8,133 tons. China's central bank's gold reserves only account for 6.7% of total asset reserves, but the absolute amount has reached 2,299 tons and is still increasing. Emerging market countries still have significant room to increase their gold holdings. For economies like China, gold reserves account for less than 7%, while developed countries in Europe and the U.S. are generally above 70%. So, even though gold prices have been dropping these past few days, they are bound to rise in the long term. Many bros go all-in and send their money to scam projects; it’s better to buy some gold instead. But buying gold won’t make us rich overnight—it’s more about steady gains, like maybe a 20% increase in a year. Binance’s PAXG is gold, you can buy it directly, and even Alipay lets you buy gold now.