Posted on 09/09/2025 9:54:51 AM PDT by SeekAndFind
The chart below shows gold holdings (in yellow) and US Treasuries holdings as a percentage of foreign reserves. Gold is now a larger holding than US Treasuries for the first time in 30 years.
We might be witnessing one of the most significant global rebalancing we’ve experienced in recent history, in my view.
US has 8,133 tonnes—by far the leader. Then comes Germany (3,350 tonnes), Italy (2,452 tonnes), France (2,437 tonnes), Russia (2,330 tonnes), China (2,299 tonnes) and Switzerland (1,040 tonnes).
Note that the US holds more gold than the next three countries combined. Switzerland punches way above its weight, with more gold per capita than almost anyone else. Let’s also keep in mind that China and Russia have been steadily growing their reserves in recent years.
Gold reserves are also about power. Whoever controls the most gold has an extra layer of leverage in times of crisis, sanctions, or currency volatility.
Part of that is gold being 45% more expensive than a year ago… its best run in more than 50 years. But it’s also the result of unprecedented government hoarding.
Most fingers point to Xi Jinping, who’s dying to de-dollarize the world, and he has indeed been a heavy buyer. But the world’s biggest gold buyer lately isn’t China…
It’s Poland. The country’s central bank has added 67 tonnes so far in 2025, nearly doubling its reserves in just three years.
In fact, Poland now holds more gold than the European Central Bank.
(Excerpt) Read more at investing.com ...
A little perspective:
Journalists often dub this trend “Sell America.” But this isn’t just about America, and it doesn’t have everything to do with Trump.
That’s because this central bank hoarding began well before Liberation Day or last year’s election. The real cue was the Russia-Ukraine war, putting the global order into question.
Meanwhile, U.S. Treasuries just hit another high for foreign holdings. And most trade allies are actually increasing their Treasury positions.
It’s not “Sell America.” It’s “Shi* happens.”
Why does the central bank own gold? Because it retains its value even if someone cuts off the supply to the global financial system. Of course, we do not assume that this will happen. But as the saying goes, fortune favors the prepared.
Something to think about. Right now. Just 3 gold coins of 1 ounce each is over $10,500.
So when are we going to audit Fort Knox? If the gold that was supposed to be there was actually there we would have already done it by now.
Jack Reacher already did it.
Yeah, Sure it does--Sure it is.
... The recent audit of Fort Knox proves it!!!
Oh wait.... Like Jim said above:
"So when are we going to audit Fort Knox? If the gold that was supposed to be there was actually there we would have already done it by now.
My GLD ETF is up 38% year-to-date. With the economy softening, we’ll see lower rates and a weaker dollar. More gains to come.
Felt it odd the UK wasn’t on the map - they are at ~310 Tons apparently.
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