Banks are fleeing US Treasuries to gold. This is very telling. IOW, central banks don’t trust the current system and they are hedging their bets and buying gold in larger amounts.
Gold surpasses U.S. Treasuries in central banks’ reserves for first time since 1996 – The Economic Times https://share.google/noPru3OgEgpgJ0HFc
Global central banks now hold more gold than U.S. Treasuries for the first time since 1996, with reserves exceeding $3.6 trillion amid record bullion buying. The shift reflects sanctions risks, U.S. debt concerns, and diversification needs, though the dollar remains dominant in global reserves.
