News Link • Gold and Silver
Central Banks Now Hold More Gold Than US Treasuries
• https://www.zerohedge.com, by Tyler DurdenThe crossover underscores a gradual diversification away from dollar-denominated securities and toward hard assets.
This visualization, via Visual Capitalist's Bruno Venditti, tracks how these shares have evolved from the 1970s to today.
From Petrodollars to De-Dollarization
After the end of Bretton Woods, soaring real interest rates and the rise of the petrodollar steered reserve managers toward U.S. Treasuries through the 1980s and 1990s.
In the 2000s, the dollar's depth and liquidity reinforced that preference. Since 2022, however, heavy official gold buying has picked up again — 1,136 tonnes in 2022, a record — with 2023 and 2024 maintaining historically strong accumulation. The trend is even more striking considering that nearly one-fifth of all the gold ever mined is now held by central banks.
| 1/30/1970 | 48% | 13% |
| 1/29/1971 | 43% | 23% |
| 1/31/1972 | 36% | 32% |
| 1/31/1973 | 39% | 31% |
| 1/31/1974 | 50% | 17% |
| 1/31/1975 | 50% | 15% |
| 1/30/1976 | 44% | 18% |
| 1/31/1977 | 41% | 20% |
| 1/31/1978 | 41% | 23% |
| 1/31/1979 | 44% | 18% |
| 1/31/1980 | 60% | 8% |
| 1/30/1981 | 54% | 11% |
| 1/29/1982 | 51% | 13% |
| 1/31/1983 | 57% | 13% |
| 1/31/1984 | 51% | 15% |
| 1/31/1985 | 46% | 17% |
| 1/31/1986 | 46% | 16% |
| 1/30/1987 | 44% | 18% |
| 1/29/1988 | 41% | 19% |
| 1/31/1989 | 37% | 21% |
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