Myra P. Saefong: Some central banks have been selling gold but that doesn't mean you should

By Myra P. Saefong MarketWatch, New York Saturday, August 4, 2026 Gold suffered its biggest monthly drop in nearly 13 years and some central banks have shifted from being buyers to sellers -- but that actually proves the precious metal can be more valuable to investors than it has ever been. ... Dispatch continues below ... ... ADVERTISEMENT ... Are you ready to safeguard your assets using precious metals? Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products. We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping. Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals. Visit us here: www.herobullion.com Hero Bullion: Gold and silver simply delivered "The narrative that central banks have abandoned gold is just not supported by the data," said Jan Skoyles, the U.K.-based head of marketing at precious-metals dealer GoldCore. The data, instead, show a "crisis-driven liquidation by a handful of countries under severe currency pressure. It is not a structural shift away from gold reserves." "Gold is the asset that held its value well enough to be worth liquidating," Skoyles said in a YouTube video posted on April 2. "That is not a weakness in gold. That is the entire point of gold." ... ... For the remainder of the commentary: https://www.marketwatch.com/story/some-central-banks-have-been-selling-their-gold-that-doesnt-mean-you-should-too-d544ba1c * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png