Posted on 06/03/2026 5:54:44 AM PDT by delta7
Gold has surpassed US Treasuries to become the world's top reserve asset, a European Central Bank (ECB) report has revealed. The shift highlights a major change in the global financial landscape as central banks continue to increase their gold reserves amid geopolitical uncertainty. By the end of 2025, gold accounted for 27% of official reserves, surpassing US Treasuries at 22% and euros at 15%.....
More for silver than gold but I have diversified a little.
Please put me on the Gold/Silver Ping list.
The US’s debit has exceeded it’s Gross Domestic Product.
The Federal Government is doing little about it.
Everyone knows that a crash is coming.
Since late 2022, the price of gold has increased 3X.
Are banks and other financial organizations buying more gold?
Or - have passive gold reserves simply increased in value?
They actually do that. Search for gold plated Tungsten on alibaba.com if you are interested. Nearly the same density, so it is quite difficult to distinguish without a destructive test.
99% of gold and silver coming out of China is fake.
Watch for silver to assume its traditional ratio range of 20 to 1 or less in near future...
I’m expecting over 200/oz soon but maybe I’m just dreaming...
I am thinking at some point nearly everyone will wise up to the obvious fact it is unwise to just hold dollars and will seek a refuge in gold but as it will be so expensive for a single oz they will drift toward silver and cause a huge price rise.
or not, metals can be fickle and disappointing but this just feels different to me..
Speaking of gold, does the USA have any gold left? Or has it all been secretly appropriated by all of our former corrupt presidents, their wicked wives, and Kongress?
US Treasuries are worthless pledges, pieces of “paper” that and only yield a fraction of the true inflation rate. So investors/lenders lose real value, purchasing power.. and lose big
The Deputy Director of the (communist) Chinese central bank has been warning about this for years...it is not a new phenonemon
metals can be fickle and disappointing but this just feels different to me.
Good news? The U.S. Comex is becoming irrelevant, the East is setting the prices ( and draining our Comex reserves) and the big US banks are having to scale down their paper manipulations. Open interest is at historic lows, and ALL the major banks are now forecasting huge gains in PM’s.
With Gold being universally declared a Tier One asset and a HQLA, and Silver being put on the US Strategic Reserve list, I expect at one point the corrupted manipulators to eat their losses and go long.
“There is also (seemingly) a capital rotation from financial assets to physical assets.”
I’ve been doing some of that at my house. New windows, new lighting in the kitchen and more than likely a new (to me!) small truck/SUV this coming Fall when the 2026’s are marked down. Wait...IF the 2026’s are marked down, LOL!
We sold 47 mature Black Walnut trees, so that cash is going to pay off the Can-Am 6x and to cover Beau’s 4 hunting and fishing trips this season.
Funneling the money STRAIGHT into physical assets is really the only reason to cash in any PMs, IMHO, no matter what the economy is doing. Don’t have it all in cash, just to have it all in cash! (I mean have SOME cash...)
Seriously considering selling some jewelry I never wear. Just got to get over the sentimental ‘value’ of the pieces. I have one Niece that’s getting my REALLY good stuff when I’m gone. ;)
Sounds like you all have a great thing going on!
Will do!
I got scammed, I turned in all of my copper when copper was trading at $5.50 a pound and exchanged it for gold which was at $4,600.00. Now gold is at $4,460.00 and copper is at $6.50. Just my luck!
,,, yeah, buy anything you can draw a picture of.
Please add me to your silver and gold ping list.
Thank you you
Will do!
Thank you for pointing this out.
Much appreciated!
“( and draining our Comex reserves) “
Draining? Last year Come had 18 million ounces.
Now they have 28 million ounces.
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