Central Banks Shift Reserves: Gold Surpasses U.S. Treasuries

A significant shift is occurring in the reserve balances of global central banks. For the first time in nearly 30 years, gold has surpassed US Treasury bonds in holdings. This change reflects a growing loss of trust in US sovereign debt, driven by rising interest rates and escalating public debt. Central banks are strategically realigning their portfolios, betting on the enduring value of gold as a timeless asset amidst economic uncertainties. The implications for the global monetary system are far-reaching.