Will gold retain its dominance as a global reserve asset after dethroning U.S. Treasuries tied to the dollar: Gold overtakes U.S. Treasuries as the world’s largest foreign reserve asset in 2026 — can gold challenge the U.S. dollar’s dominance and hold its ground?
https://economictimes.indiatimes.com/news/international/us/gold-overtakes-u-s-treasuries-as-the-worlds-largest-foreign-reserve-asset-in-2026-can-gold-challenge-the-u-s-dollars-dominance-and-hold-its-ground/articleshow/126420128.cms?from=mdr
Posted by Such_Radio_9152
3 Comments
I would not be surprised if more an more countries will see the dollars as less and less reliable because of some irrational choices and a somehow unstable democracy USA is becoming.
Countries like Turkey, the GCC, Asia, and even Russia have all been dumping their gold by the tens of tons. Most of these countries other than Russia, are picking up dollars.
Turkey alone sold like 50 tons of gold last month.
Gold price down, dollar demand up.
A serial bankrupt is (effectively) in charge of US treasuries and is on record as saying that defaulting on debt or changing the terms of the bond is a valid strategy for making debt disappear.
Really? That’s pretty much a red neon light flashing over and over again, warning anyone with a brain to stay away from US Treasuries.
Gold sounds like a better safe haven right now.