Dollar at lowest level in 20 years as share of global FX reserves

A historic reversal is taking place silently but relentlessly in the global financial system: gold is returning to the throne of reserves, gradually displacing the US dollar, which marks the end of an era of monetary supremacy. According to data published by The Kobeissi Letter, the share of the US dollar in global foreign exchange …

China’s secret Gold purchases are driving up the price of Gold

Trust Economics, based on trade data, estimates that China could buy up to 250 tons of gold in 2025, an amount equivalent to more than a third of global central bank demand. China’s gold rush is fueling a record price rally as a growing number of shadow transactions create a murky picture for gold traders. …

Four reasons why gold is considered a safe haven investment today

Markets are facing an environment of high uncertainty and rising risks, which naturally reinforce the demand for gold as an investment haven. The threats to portfolios are everywhere and are unlikely to recede in the near future. The dominant financial orthodoxy in the United States continues to revolve around the dollar, comparing it exclusively to …

Gold will reach $6,000 in spring with a boost from central banks

After an 18-month bull run that took it to a record high of $3,999/ounce on Monday, October 6, investors are wondering the obvious: How long will the precious metal’s rally last? The short answer is yes — at least as long as the same macroeconomic forces that fueled its rise remain active, Thanos Chonthrogiannis, an …

Gold buying frenzy is reshaping global foreign exchange reserves

A historic gold buying spree by central banks is reshaping global foreign exchange reserves, signaling a broader shift away from the dollar amid growing geopolitical and economic uncertainty. Silent inventory reallocation Central banks buy more than 1,000 metric tons of gold annually, with much of that buying unreported. Heightened fears of the dollar being weaponized, …

The dollar as a reserve currency is killing the US economy

The advantage of the US having the dollar as the world’s reserve currency is that it creates demand for dollars. Countries accumulate dollars and tend to invest them in US bonds, keeping US borrowing costs low. The curse, especially since Nixon ended the convertibility of the dollar into gold (1971), is that there is no …

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