Financial analyst Vasil Revishvili has welcomed the National Bank of Georgia’s decision to increase its gold reserves, describing gold as one of the most reliable hedges against geopolitical risks and currency volatility.
Speaking to BMG, Revishvili said that growing uncertainty in global markets has increased fluctuations in major currencies, including the U.S. dollar and Euro. In this environment, he argued that diversifying international reserves through gold is a prudent strategy for central banks.
He noted that the timing of the purchase is favorable, as gold prices have fallen by around 10% over the past month despite gaining approximately 25% over the previous year. Revishvili added that further price appreciation remains possible and emphasized the importance of holding liquid, easily convertible, and relatively low-risk reserve assets.
The National Bank of Georgia recently purchased an additional $100 million worth of LBMA-standard 999.9 fine gold bars for its international reserves. Following the acquisition, monetary gold will account for 15.5% of the country’s total international reserves.
