Overnight, the world’s central banks learned that “foreign reserves” only stay “yours” as long as you stay in line. Within months, Poland announced it would repatriate gold from London and build domestic vaults. Then China accelerated gold buying that hasn’t stopped for 15+ consecutive months. Even traditional U.S. allies quietly started asking themselves, “What if we’re next?” The freeze of Russia’s assets was supposed to isolate Moscow. Instead, it triggered the largest peacetime shift in central bank reserve strategy since Bretton Woods collapsed in 1971. Four years later — exactly to the day — the U.S. and Israel ... (full story)