Just in; Gold overtakes US treasuries.

Gold $XAU has officially surpassed US Treasuries in central bank foreign exchange reserves for the first time in at least twenty years.

Global official gold holdings at market value have reached about 5.0 trillion dollars exceeding foreign official holdings of US Treasuries at 3.9 trillion dollars.$BULLA

Since the fourth quarter of 2019 gold holdings have tripled driven by heavy central bank buying and rising prices. During this period central banks have added roughly 4500 tonnes of gold including purchases that were not publicly reported. $RIVER

Meanwhile foreign holdings of US Treasuries have stayed flat. Gold is reshaping the global monetary system

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