Gold Hits 30-Year High, Shakes Global Markets
Dollar had dominance
There was a time when the economic strength of the entire world rested on US dollars and Treasuries.
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History made after 30 years
Now for the first time, gold has overtaken US bonds in the reserves of central banks.
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What do the figures say?
Gold share ~24% and US Treasuries fell ~21%.
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How was the balance before?
US Treasuries ~33% from 2000–2015. Gold only around ~9%
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The trend changed gradually
Dollar bonds decreased after 2016. Demand for gold increased continuously
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Boom after 2022
Central banks bought gold on a large scale. Gold becomes top reserve asset.
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Is the dollar over?
The dollar is still strong, but gold has now become a big challenge
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