The End of the Dollar Monopoly

The global reserve shift isn’t theory — it’s on the chart.

Gold Is Leading the Way — And I’m Not Sure What Stops This Train

There are moments in markets when price action tells the story better than any economist ever could.

Right now, gold is that story.

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🟡 Global Reserve Shift — Gold vs. USD

“Gold rises to 30% of global FX + gold reserves” DB

Take a look at this first chart. The line that used to barely register — gold’s share of global reserves — has gone vertical. In just six months, it jumped from 24% to 30% of total FX + gold holdings. Over the same period, the U.S. dollar slipped from 43% to 40%.

That may sound like a rounding error, but in reserve-management terms, it’s a geological shift. Central banks aren’t speculating — they’re diversifying. Quietly, methodically, and with conviction.