U.S. gold reserves have plummeted to their lowest level in 90 years, a stark contrast to the rest of the world’s central banks, which are accumulating the precious metal at a pace not seen in nearly half a century.
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US Gold Reserves Hit A 90-Year Low
According to Otavio Costa, a macro strategist at Crescat Capital, this divergence has pushed global gold holdings (excluding the U.S.) to a 49-year high. He asserts that it is “only a matter of time before US policymakers are forced to rethink this stance.”
This growing disparity highlights a significant shift in global finance. At one point, the United States held over 50% of the world’s gold reserves, highlights Costa.
Today, that figure has dwindled to just 20%. A chart shared by Costa reveals the dramatic decline in U.S. holdings as a percentage of total global reserves since the end of the gold standard, while other nations have been on a consistent buying spree, particularly since the 2008 Global Financial Crisis.
Central Banks Worldwide Load Up On Yellow Metal
The trend extends beyond just gold accumulation. For the first time since 1996, foreign central banks now hold a larger portion of their international …