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So like 5x what it was in the 1950s? Doesn't seem a huge deal to me.
MorlockP ↗
The Fed now admits some countries are moving to gold. But says it’s a small group. 🇨🇳 China: 1.4B 🇮🇳 India: 1.4B 🇷🇺 Russia: 144M 🇹🇷 Turkey: 85M That “small group” represents 3B people. So 37.5% of the world is moving away from dollars towards gold. https://t.co/cDbl1KqZgR
balajis ↗
Gold is replacing fiat currencies as a reserve currency: Gold's share of global international reserves rose 3 percentage points in Q1 2025, to 24%, the highest in 30 years. This marks the 3rd consecutive annual increase. Meanwhile, the US Dollar's share declined ~2 percentage points, to 42%, the lowest since the mid-1990s. The Euro share remained roughly unchanged at ~15%. Gold is now the world’s second-largest reserve asset after surpassing the Euro in 2024. Gold is seeing historic levels of demand.
KobeissiLetter ↗
@balajis This is just the mechanical effect of rising gold prices and reduced US treasury value amid higher interest rates... not that gold holdings and treasury holdings changed much
DanielDiMartino ↗