Today, Eric Pomboy, the Founder of Meridian Macro Research, shared astonishing charts and analysis with King World News, shedding light on the unprecedented developments in the gold market. It’s becoming increasingly evident that a major shift is occurring.
De-dollarization has reached a significant milestone as the value of foreign central bank gold holdings has now surpassed that of US Treasury holdings for the first time ever. This transformation is exemplified by the fact that the value of these gold holdings relative to US Treasury holdings has just reached the 50% mark.
China, a prominent player in the global gold market, has been steadily bolstering its gold reserves. In November alone, China added a staggering 12.4 tonnes of gold, bringing their total reserves to a record-breaking 2,227 tonnes. Furthermore, the value of China’s gold holdings relative to US Treasury holdings is rapidly approaching 20%. This surge in China’s gold hoard indicates their commitment to accumulating physical gold, as the yellow metal sets to regain its place in the monetary system in the future.
Notably, the BRICS countries (Brazil, Russia, India, China, and South Africa) are also making significant strides in increasing their official gold reserves. These nations are steadily catching up to the gold holdings of the United States and Eurozone. As the BRICS alliance continues to accumulate substantial amounts of gold, it becomes increasingly evident that gold is poised for a substantial revaluation in the near future.
The accumulation of gold by countries like China and the BRICS alliance is driven by the anticipation of gold’s reintroduction into the monetary system. This process is set to unfold gradually, resulting in a significant upward revaluation of gold’s price over time.
These developments in the gold market have caught the attention of experts who foresee a monumental shift in the global financial landscape. It is crucial to recognize the implications of these changes and stay informed about the evolving dynamics of the gold market.
As investors around the world closely monitor the progress in the gold market, it is essential to remain cautious and well-informed. The implications of these movements extend far beyond the realm of precious metals trading, hinting at potential shifts in the delicate balance of global economic power.
In an effort to delve deeper into the wild fluctuations in the gold, silver, and crude oil markets, Alasdair Macleod provides expert insights and analysis. To gain valuable insights into the current state of these markets, click here.
The gold market is undeniably going through a stunning transformation. With de-dollarization gaining momentum and China, along with the BRICS countries, bolstering their gold reserves, the world is witnessing a significant shift towards gold’s reintegration into the monetary system. As these changes unfold, it is vital to stay informed and prepared for the potential implications they may have on global financial stability.
This article was generated by artificial intelligence and reviewed by human editors. However, it’s crucial to conduct further research or consult with financial experts before making any investment decisions based on the information provided here.
