if gold suddenly hit $5,500/oz?
Some countries would wake up $1T richer overnight.
Gold isn’t just a hedge anymore — it becomes a geopolitical scoreboard.
Here’s the top holders repriced:
1️⃣ US — ~$1.44T (8,133 tonnes)
2️⃣ Germany — ~$593B
3️⃣ Italy — ~$434B
4️⃣ France — ~$431B
5️⃣ Russia — ~$412B
6️⃣ China — ~$400B
7️⃣ Switzerland — ~$184B
8️⃣ Japan — ~$150B
9️⃣ India — ~$145B
🔟 Netherlands — ~$108B
Why it matters:
Big reserves = stronger currencies
Accelerates de-dollarization
Hard assets surge — crypto feels it too
Central banks stacking = macro cycles that never stay quiet
Gold doesn’t reprice silently.
When it moves, everything else adjusts.