This is a historic shift — gold overtaking the euro as the #2 reserve asset is not just about central bank strategy, but also a loud signal about trust in fiat currencies. The fact that over 1,000 tonnes of gold were acquired by central banks for the third year in a row says everything about the long-term view global economies are taking.
What stands out to me is how central banks now hold nearly as much gold as they did during the Bretton Woods era — a time when gold literally backed the global monetary system. With gold hitting $3,500/oz, and countries like India, China, and Poland leading the charge, it’s clear that gold’s role as a safe haven is not just investor sentiment—it’s policy at the highest level.
This reinforces gold’s dual role: both a crisis hedge and a store of global trust. Interesting times.
One reply on “Gold is # 2”
This is a historic shift — gold overtaking the euro as the #2 reserve asset is not just about central bank strategy, but also a loud signal about trust in fiat currencies. The fact that over 1,000 tonnes of gold were acquired by central banks for the third year in a row says everything about the long-term view global economies are taking.
What stands out to me is how central banks now hold nearly as much gold as they did during the Bretton Woods era — a time when gold literally backed the global monetary system. With gold hitting $3,500/oz, and countries like India, China, and Poland leading the charge, it’s clear that gold’s role as a safe haven is not just investor sentiment—it’s policy at the highest level.
This reinforces gold’s dual role: both a crisis hedge and a store of global trust. Interesting times.