Gold surpasses U.S. Treasuries in central banks’ reserves for first time since 1996. Gee, we wonder if it has anything to do with not trusting the US and how we print money out of thin air.
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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.