El Salvador Boosts Gold Reserves in Bold Strategy Shift
El Salvador has made a remarkable move in its reserve policy amidst growing global uncertainties by purchasing approximately $50 million worth of gold. This acquisition took place when gold prices were NEAR historical peaks, and significant liquidations were occurring in the cryptocurrency market.
The Central Reserve Bank of El Salvador (BCR) significantly increased the country’s total gold reserves to 67,403 troy ounces by purchasing 9,298 troy ounces of gold within 2026. This $50 million transaction is noted as the bank’s second gold purchase since 1990. In September 2025, the bank made a similar acquisition of 13,999 troy ounces, matching a comparable value.
The BCR hailed gold as a strategic reserve instrument on a universal scale, emphasizing its role in supporting long-term financial stability, safeguarding against structural change in global markets, and instilling confidence among investors and the public.
The timing of the acquisition attracted attention due to gold prices having increased by around 20% since the beginning of the year, driven by macroeconomic uncertainties and geopolitical risks.
