El Salvador buys $50M in gold, boosting reserves alongside 7,547 BTC

The Central Reserve Bank (BCR) of El Salvador announced it purchased $50 million worth of gold, marking the country’s second gold acquisition since 1990. In its announcement the BCR said it bought 9,298 troy ounces of gold valued at $50 million. The move follows an earlier purchase of 13,999 troy ounces in September 2025, also valued at roughly $50 million, and raises El Salvador’s total gold holdings to 67,403 troy ounces.

The central bank called gold a "universally strategic reserve asset" and said the acquisition "strengthens the country’s long-term assets, while maintaining a prudent balance in the composition of the assets that make up the International Reserves." The purchase comes amid a strong rally in gold, which the article says has climbed nearly 20% year to date as macroeconomic and geopolitical tensions push investors toward safe-haven assets.

The trend is reflected in other buyers: the National Bank of Poland plans to expand its gold reserves to 700 tonnes, and China added more than 10 tonnes in November — a figure Goldman Sachs says may be nearly 11 times higher than reported. "Assuming official purchases were 10% of what China is actually buying, this suggests China acquired +270 tonnes of physical gold in 2025.

China is stockpiling gold like we are in a major crisis," The Kobeissi Letter wrote.

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