Gold overtakes U.S. Treasuries as the largest foreign reserve asset
by lxm on 4/4/2026, 2:30:32 AM
Comments
by: aloha2436
America was in practice running an empire that collected tribute from the rest of planet earth in exchange for entries in a database denominated in a currency they controlled and was accepted everywhere. Really the only way it could go wrong is putting it under the control of someone too stupid to understand the kayfabe...
4/4/2026, 4:43:54 AM
by: icegreentea2
The events of the last year certainly have a role to play, but the overall effect is just the result of trendlines that have been in play for quite a while.<p>Here's a world gold council (i know...) review/survey of central banks gold holdings from mid 2025 (<a href="https://www.gold.org/goldhub/research/central-bank-gold-reserves-survey-2025" rel="nofollow">https://www.gold.org/goldhub/research/central-bank-gold-rese...</a>). It notes that gold purchases (by mass) have been elevated going back to ~2023.<p>Gold prices have also been on an upward trajectory ever since 2023 (<a href="https://goldprice.org/gold-price-history.html" rel="nofollow">https://goldprice.org/gold-price-history.html</a>)<p>Whatever is happening now is bigger than actions over the last year.
4/4/2026, 4:32:37 AM
by: potamic
Dated Jan 9. When the headlines is in present tense, it is kinda misleading to post as-is at a later time.
4/4/2026, 4:25:38 AM
by: consumer451
The fact that this all happened by choice is really something.<p>It's like witnessing a self-decapitation.
4/4/2026, 4:03:00 AM
by: yalogin
I am actually convinced that the last year started the descent of the U.S. as the world’s super power. No wonder U.S. treasuries lost trust. It’s only going to get worse. It doesn’t matter what some billionaires do/get from their ability to manipulate some powers be. The rest of the investment community understands that free markets are strengthened by rule of law and adherence to the law and deploying a self styled socialistic distribution of economic capital is not signaling strength but weakness to the world.
4/4/2026, 4:44:56 AM
by: johng
If the value of gold goes up, doesn't this essentially help the US anyway? I believe our gold reservers are twice that of the closest country?<p>Source: <a href="https://tradingeconomics.com/country-list/gold-reserves" rel="nofollow">https://tradingeconomics.com/country-list/gold-reserves</a>
4/4/2026, 4:35:07 AM
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4/4/2026, 3:30:34 AM
by: therobots927
America really is in for a wake up call.
4/4/2026, 3:50:44 AM
by: nmbrskeptix
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4/4/2026, 4:04:16 AM
by: hackernews682
[flagged]
4/4/2026, 3:22:08 AM