Why are central banks around the world buying gold by the metric ton?
It comes down to one major realization: foreign governments can freeze your dollar reserves, but they can’t freeze gold you hold in your own vaults.
After watching the US freeze Russia’s central bank assets in 2022, countries like China had another reason to rethink their dependence on the US dollar.
As governments diversify away from US Treasuries and accumulate gold, a major shift in the global financial system may be underway.
And some of the biggest winners could be well-managed gold mining companies.
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