Gold is reshaping the global financial system:

Gold is reshaping the global financial system:

Central bank gold holdings surpassed valuation-adjusted US Dollar reserve assets for the first time on record.

Adjusted USD reserves remove the interest earned on holdings like US Treasuries, showing only how much central banks are actively adding to their Dollar reserves.

Official gold reserve assets are up to a record $3.87 trillion, ~$140 billion above valuation-adjusted US Dollar reserve assets, at $3.73 trillion.

Since 2022, gold reserve assets have TRIPLED, driven by a record central bank accumulation and surging prices.

At the same time, USD reserve assets have declined -$300 billion.

The trend accelerated after the seizure of Russian assets in 2022, new sanctions, and growing geopolitical uncertainty.

World central banks are accumulating gold at an unprecedented pace.