🏦 QUIETLY AGGRESSIVE: While everyone watches China, Brazil's central bank just made another huge gold move.

+11 tonnes in November. +43 tonnes in just the last 3 months. Total reserves now at ~172 tonnes.

That's not just diversification; it's a full-scale strategic build-up of non-dollar assets.

Are the world's major emerging markets sending a unified message about the future of reserves? 🧐

#GOLD #Brazil #centralbank #ForexReserves #Macro

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