Central banks make gold the world's largest reserve asset, surpassing US Treasuries for first time since 1996
Central banks now hold more gold than US Treasuries for the first time since 1996, with gold at 27% versus 22% for Treasuries of reserve assets, making gold the world's largest reserve asset. The shift follows the 2022 freeze of Russia's $300 billion in dollar assets, and 74% of reserve managers expect the dollar's share to fall over the next five years.
Detected & updated continuously · Source: Nebula
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@coinbureau
🚨Central banks just made gold the world's LARGEST reserve asset, and most investors have no idea it happened. For the first time since 1996, central banks hold more gold than US Treasuries, after the 2022 freeze of Russia's $300 BILLION showed the world that dollar assets can https://t.co/Gl2M0KAf9C
@CryptoNewsHntrs
CENTRAL BANKS JUST MADE GOLD THE #1 RESERVE ASSET FOR THE FIRST TIME SINCE 1996 GOLD BEATS US TREASURIES 27% GOLD VS 22% TREASURIES THE 2022 RUSSIA FREEZE SHOWED DOLLAR ASSETS CAN BE SWITCHED OFF NOW 74% OF RESERVE MANAGERS EXPECT THE DOLLAR’S SHARE TO FALL IN THE NEXT 5 YEARS https://t.co/bOWbtGVNEJ