► In the fourth quarter, central banks added another 229 tons to the global official gold reserves, bringing the annual demand to 1,037 tons, just below the record of 1,082 tons in 2022.
► Klaas Knot: “The balance of De Nederlandsche Bank is solid; we also have a gold reserve... which we certainly will not sell.”
► Jerome Powell has indicated that it is unlikely the central bank will be comfortable enough with inflation developments to lower interest rates before the meeting on March

►Since peaking in 2021, the Chinese stock market has seen over $6.3 trillion go up in smoke
►The PBOC has announced that they have reduced bank reserves in an effort to support the struggling economy
►As the Chinese economy recovers, industrial activity is expected to increase, leading to higher demand for silver... »

How do you protect your wealth in uncertain times? What assets are good to diversify your portfolio? Are we in a commodity supercycle? In this second part of our conversation with Jeroen Blokland (Founder and Head of Research at True Insights), we talk about the odds of a commodity supercycle, frameworks and insights for portfolio diversification, the role of gold as a diversifier, Bitcoin as a new asset class, how stocks are performing during a recession and the shift from tech to natural resources.