These precious metals personalities hold stockpiles of gold and silver.
They do press releases encouraging others to buy metals to increase the value of their holdings.
"I do not currently own or hold the investment I'm recommending", conflict of interest disclaimers, are so rare these days.
One interesting thing about gold is youtube clips uploaded by prospectors claiming to find $600 to $1500 of gold in a single day:
https://www.youtube.com/watch?v=RawIaDhqZ8EIt could be a good side hustle for those who have the means. Can't say I have experience with it.
We all know banks are hoarding gold atm. What their motives or long term plans are, I couldn't begin to guess.
Central Banks and Private Banks diversify deposits in managing their foreign exchange reserves. This deposit is a central bank asset that is stored in several reserve currencies such as dollars, euros or yen and is used to guarantee its obligations, namely the local currency issued, and the reserves of various banks held in the central bank by the government or financial institutions.
In terms of currency, the state also has foreign exchange reserves in gold (gold bars and contractual rights to gold bars). Foreign exchange reserves in the form of gold are intended as a buffer for liquidity to support the implementation of monetary policy and fulfillment of obligations in foreign currencies.
The simple idea is that central banks around the world are currently working to maintain a balanced proportion of their foreign exchange reserves to maintain the stability of a country's financial system. Because if they do not buy gold then the proportion of gold in foreign exchange reserves will decrease significantly because they lag far behind the US Dollar they have.
Gold is negatively correlated with US Dollar and it is very beneficial for central banks because they are holders of the US Dollar. By having gold in their reserves, they have a very positive hedge to protect their US Dollar positions.