El Salvador boosts reserves with nearly 14,000 ounces of gold

The Central Reserve Bank of El Salvador (BCR) has announced the acquisition of 13,999 troy ounces of gold, equivalent to $50 ￰0￱ new purchase bumps El Salvador’s gold holdings from 44,106 troy ounces to 58,105 troy ounces, with a value estimated at $207.4 ￰1￱ is the first gold purchase made by the Central Bank of El Salvador since ￰2￱ country is following in the footsteps of major nations like China, India, and Turkey, which are frequent buyers of ￰3￱ Salvador wants to diversify its reserves El Salvador stated that acquiring gold is part of the country’s International Reserves diversification ￰4￱ country’s BCR believes in gold and views it as a universally strategic ￰5￱ stated that the precious metal will help El Salvador strengthen its long-term financial plan and protect the country’s economy from turbulent international ￰6￱ central bank believes that investing in gold brings greater stability for El Salvadorans.

“The implementation of this strategy is possible thanks to the strengthening of the Central Reserve Bank’s assets in recent years … resulting from the various policies implemented by President Nayib Bukele,” wrote t he Central Bank of El Salvador (BCR) in the ￰7￱ Banco Central de Reserva informa que ha adquirido 13,999 onzas troy de oro, equivalentes a US$50 millones, como parte de la estrategia de diversificación de sus Reservas ￰8￱ — Banco Central de Reserva (@bcr_sv) September 4, 2025 Is gold the solution to El Salvador’s Bitcoin conservatory? The decision to acquire gold shows that El Salvador is trying a different approach to strengthen its ￰9￱ 2021, the country has focused on acquiring Bitcoin.

However, the country was faced with massive backlash after an IMF report showed that El Salvador had not purchased new bitcoins since December of last ￰10￱ IMF demanded that the Central American country stop buying Bitcoin after providing a loan worth $1.4 ￰11￱ Nayib Bukele did not address the IMF’s claims, and the country’s Bitcoin Office moved its BTC into different wallets for security ￰12￱ view El Salvador’s latest gold purchase as a positive ￰13￱ BCR is trying to stabilize its balance sheet since Bitcoin is ￰14￱ country’s central bank reported net international reserves of $4.7 billion in July 2025. That’s an increase from the $3 billion recorded a year ￰15￱ $700 million is held in ￰16￱ banks’ gold accumulation in 2025.).

El Salvador is just copying other ￰17￱ banks from around the globe have been adding over 1,000 tonnes of gold collectively each year for the past two ￰18￱ are on track to come close to that figure again in 2025, the World Gold Council (WGC) ￰19￱ on a recent report from the WGC, central banks purchased 10 tonnes of gold in ￰20￱ precious metal now accounts for nearly 20% of global reserves, ranking second after the US ￰21￱ Sachs believes that if the American Federal Reserve Bank loses its independence, investors will convert some of their US treasuries into ￰22￱ will push the gold buying spree even further, pushing the precious metal to $5,000 per ￰23￱ Difference Wire helps crypto brands break through and dominate headlines fast