Central Banks’ Gold Reserves Surpass U.S. Treasuries for First Time Since 1996 - VoronoiCentral Banks’ Gold Reserves Surpass U.S. Treasuries for First Time Since 1996
Key takeaways
- For the first time in nearly 30 years, foreign central banks’ gold reserves have surpassed their U.S. Treasury holdings.
- This signals that foreign governments are diversifying away from the dollar, which has various implications for America (e.g. higher borrowing costs)
- Central banks bought 1,136 tonnes of gold in 2022 — the most on record — with 2023 and 2024 maintaining strong accumulation.
