Foreign Central Banks Choose Gold Over U.S. Treasuries for the First Time Since 1996 In a move of seismic importance, BRICS nations have officially pivoted from U.S. Treasury holdings to gold, marking the first time in 30 years that foreign central banks hold more gold ($4 trillion) than Treasuries ($3.9 trillion). This signals a decisive loss of faith in dollar-denominated assets. BRICS choose gold over U.S. Treasuries as a deliberate rejection of mounting debt risk, monetary expansion, and geopolitical leverage embedded in the dollar system. What triggered the shift? Over 1,000 tonnes of gold bought by BRICS since 2022 BRICS central bank reserves now hold 6,000+ tonnes of gold Gold has soared to $4,837, up 76% year-over-year This isn’t a…
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