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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (217250)	10/19/2025 10:13:16 PM
From: TobagoJack	Respond to of 220056

between 'media attention' and 'enthusiasm' Message 35302169 , otoh, and otoh, gold does waves, and keeps going, and now Message 27600106 past 'money' and have ocular on 'financial reset #1' per 2011 SI post, and best part is that all going about as expected and remember, 80% of the ramp happens within the last 20% of ramping-time; enjoy, and wait to pick up consolation prize itmt, zerohedge.com Gold Rises To A Record 30% Of Global Reserve Holdings; Will Overtake USD Above $5,790/oz BY TYLER DURDEN MONDAY, OCT 20, 2025 - 09:35 AM Three years ago, and long before anyone else noticed, when gold was trading we first pointed out a striking shift in the gold market: months after the Biden regime weaponized the USD in response to the Ukraine war, central banks were reallocating away from the greenback and buying gold at the fastest pace on record, in what we classified then the biggest salvo in global dedollarization observed in the post Bretton-Woods era. Central Banks Are Quietly Buying Gold At The Fastest Pace In 55 Years t.co — zerohedge (@zerohedge) November 3, 2022And yes, for those wondering, that was the day gold prices hit their lows of the decade. Needless to say, it has been an uphill move ever since. [url=][/url] Fast forward to this July, when Deutsche Bank considered the important question whether after having driven a substantial part of the move in gold since 2022, central banks could now become a restraint on the gold price (see " Gold official demand stays elevated despite rising share of reserves" for pro subs). The German bank correctly answered at that time, noting from the fact that central banks' reported intentions on gold for their own institution, as well as expectations for all global reserve managers, showed the inclination to add gold to reserve holdings had only risen. As DB analyst Michael Hsueh reminds us, back then the World Gold Council's survey found that the share of central banks planning to raise their own gold holdings was at 43%, up from 29% the year before. It also showed that 95% of reserve managers expected global central bank holdings would rise over the next 12 months, up from 81% the year before. The survey was conducted between 25-Feb and 20-May of this year. [url=][/url] Needless to say, DB was right. Fast forward to last Friday, when in his latest note Hsueh updated his estimates on gold holdings as a share of total FX+gold reserve assets. Gold's share of FX+gold reserve holdings has risen from 24% at the end of June to 30% currently taking the spot gold price into account, while the USD share has dropped from 43% to 40% in the same interval. [url=][/url] And if gold's staggering ascent in the past 6 months was enough to lift it from 24% to 30% in just a few months, this begs the next question: at what price will gold become the world's largest reserve asset. Luckily, the DB team has an answer: In order to equalize (and surpass) its share versus the USD, the price of gold would need to rise above $5,790/oz assuming no change in the quantity of gold holdings. At that price, both gold and the USD would represent 36% each of global reserve holdings of FX+gold. [url=][/url] This is not an asset-measuring competition Of course, this is a very different question than asking what share gold represents in central bank assets, which is a less relevant question because most if not all of those assets are generally denominated in national currency. [url=][/url] For example, the ECB's gold share of FX + gold reserves was 80% at the end of September (or 83% if updated to a gold price of USD 4,350/oz), while its gold share of total assets was only 18%. Of the ECB's total EUR 6.4tn of assets held on its balance sheet at the end of 2024, EUR 4.5tn of this (71%) was held in " Securities of euro area residents denominated in euro" . [url=][/url] Thus, the DB team concludes that there is a good case for arguing that reserve managers may assess their gold holdings in relation to gold+FX reserves, given these are the only holdings denominated in foreign currency and available to be drawn upon in defense of its national currency should the need arise. A similar divide in calculated gold shares can be seen for the US, where gold share of FX+gold reserves was 96% at the end of September, compared to gold share of total assets at 15%.