Gold overtakes US Treasuries in global reserve shift: [European Central Bank]

[mahatmakanejeeves]

Source: Canadian Mining Journal

Gold overtakes US Treasuries in global reserve shift: ECB

The ECB reports that central banks' gold buying and rising prices have outpaced US Treasuries in global reserves.

By Canadian Mining Journal Staff June 2, 2026 At 9:28 am

Gold has surpassed US Treasuries as the world’s second-largest reserve asset as central banks continue to accumulate bullion and prices remain near record highs.

Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier, according to a European Central Bank report released Tuesday. US Treasuries fell to 22% from 25%, while euro-denominated reserves held steady at 15%.

“Geopolitical tensions continue to drive strong central bank demand for gold,” ECB President Christine Lagarde wrote in the report.

The shift reflects a broader effort by many countries to diversify away from the US dollar, which remains the dominant reserve currency. Those efforts accelerated after Washington froze Russia’s dollar reserves following its 2022 invasion of Ukraine. Despite gold’s rise, dollar-denominated assets still represented the largest share of global reserves at 42%.


Taken from The European Central Bank report, June 2026.
https://www.ecb.europa.eu/pub/pdf/ire/ecb.ire202606.en.pdf

The trend carries implications for global financial markets and the international monetary system. With central banks holding more than 36,000 tonnes of gold, reserve stockpiles are approaching levels last seen during the Bretton Woods era, when currencies were tied to the US dollar and the dollar was convertible into gold.

{snip}

Read more: https://www.canadianminingjournal.com/news/gold-overtakes-us-treasuries-in-global-reserve-shift-ecb/

[cstanleytech]

1. Makes me wonder if Trump or those in his his family have investments dependent on the dollar crashing.

[BaronChocula]

2. If gold has become the second-largest, what's THE largest? n/t

[blue blues]

5. Gold is the largest in 2025

The way it's wrote is confusing but gold was number 2 in 2024

[LymphocyteLover]

3. seems ominous

[Uncle Joe]

4. It's inevitable. You can have a President who attacks his own nation's currency for only so long

before the rest of the world takes his point of view that "full faith and credit" of the U.S. Government doesn't mean anything. Congress certainly isn't hold him to account.

*rump is most definitely attacking the U.S. dollar whether it's his promotion and selling of crypto, his attacks against the independence of the Federal Reserve, his throw the baby out with the bath water tariffs, or his attacks against the dollar based world economy with this stupid unprovoked war against Iran just to name a few.

Instability IS instability.

Thanks for the thread mahatmakanejeeves

[Pluvious]

6. There are many causes for this...

The total debt in the World (corporate, private, and governmental) is STAGGERING

Total global debt stands at just under $346 trillion, which equates to roughly 310% of global gross domestic product (GDP). This staggering figure represents the combined borrowing of households, corporations, and governments worldwide.

The World knows it can no longer trust in American's stewardship of the World's Reserve Currency

For over a decade now China and India have been importing as much gold AND silver as they could,
without spooking the market and driving its price even higher.

The next reserve currency will be backed by precious metals.