Gold is Replacing Fiat Currencies as a Reserve Currency
By The Kobeissi Letter
Gold is replacing fiat currencies as a reserve currency:
Gold’s share of global international reserves rose 3 percentage points in Q1 2025, to 24%, the highest in 30 years.
This marks the 3rd consecutive annual increase.
Meanwhile, the US Dollar’s share declined ~2 percentage points, to 42%, the lowest since the mid-1990s.
The Euro share remained roughly unchanged at ~15%.
Gold is now the world’s second-largest reserve asset after surpassing the Euro in 2024.
Gold is seeing historic levels of demand.
Original source: https://x.com/KobeissiLetter/status/1962235795622035767