El Salvador has made its first gold buy in additional than three a long time, buying 13,999 ounces valued at practically $50 million.
The transfer comes because the nation seems to be to diversify its worldwide reserves and bolster monetary stability, following years of serious publicity to bitcoin.
Reserve diversification technique
The nation’s central financial institution introduced the gold acquisition, which will increase El Salvador’s whole gold holdings to 58,105 ounces, now value roughly $207 million.
This resolution arrives throughout a interval of record-high gold costs, with the steel buying and selling near $3,600 per ounce and up over 36% year-to-date.
Central financial institution knowledge reveals that as of July 2025, El Salvador’s web worldwide reserves reached $4.7 billion, with about $700 million held in bitcoin.
For an up-to-date document of El Salvador’s bitcoin reserves, see the El Salvador bitcoin treasury tracker.
Balancing bitcoin and gold
El Salvador famously grew to become the primary nation to undertake bitcoin as authorized tender in 2021, beneath President Nayib Bukele.
Analysts view this gold buy as an effort to reassure worldwide companions and supply stability amid bitcoin’s worth swings.
This transfer additionally aligns with a world pattern, as central banks worldwide have been accumulating gold, buying over 1,000 tonnes yearly for the previous two years, in accordance with the World Gold Council.
World central financial institution gold accumulation
At the moment, gold represents practically 20% of central financial institution reserves globally, second solely to greenback property.
Goldman Sachs just lately recommended that ongoing political uncertainty within the US might immediate central banks to additional shift reserves from the greenback to gold, doubtlessly driving costs even greater.
El Salvador’s gold potential
President Bukele just lately claimed that the nation “doubtlessly” possesses the biggest gold deposits per sq. kilometer on the earth, hinting at additional useful resource growth alternatives.