Gold Dethrones The King: ECB Confirms Barbarous Relic Has Overtaken Treasuries As Top Global Reserve Asset
…the writing is on the wall for the dollar’s exorbitant privilege.
In what can only be described as the latest humiliating blow to the crumbling Pax Americana, gold has officially overtaken US government bonds as the world’s top reserve asset.
according to a fresh report from the European Central Bank released Tuesday, bullion now accounts for 27% of global central bank reserves at the end of 2025 – up sharply from 20% the prior year. US Treasuries, once the untouchable king of the reserve world, have been knocked down to 22% from 25%. The euro’s share remained flat at 15%.