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Gold is now the reserve currency. The West just hasn’t admitted it
You’d be forgiven for missing it, but gold has overtaken the euro as the world’s second-most held reserve asset. It now makes up 20% of global central bank reserves. The euro lags behind at 16%. The dollar still sits at the top, for now, but its share is steadily eroding. In 2024 alone, central banks bought over 1,000 tonnes of gold. That’s a fifth of total global production. This is the third year in a row they’ve done it. You have to ask why? Why the push to own gold? Well, the countries that are upping the ante when it comes to holding assets outside of the fiat system are those same nations that ... (full story)
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- Jun 12, 2025 2:38pm Posted byFundamental Analysis326
