By Antonius J. Patrick
A lot has been made by gold-money bugs about the roles that central banks have played in the run-up in the gold price that accounts for a 38% increase in the yellow metal’s price this year alone. Some of these analysts attribute the shedding of central bank holdings of U.S. treasuries and other agencies’ bonds to purchase gold, which has accelerated gold’s recent meteoric rise.
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It is not just those in the gold community that hold this belief, but some in the mainstream financial press cite reports and data that purportedly show that central banks now own more gold than U.S. bonds. If true, such a shift would be a fundamental change in the world’s financial markets and could mean the end of the post-Bretton Woods monetary order, where the dollar acted as the reserve currency, replaced, ironically, by gold which the dollar replaced in 1971.
A recent Financial Times (FT) article, written by Toby Nangle and titled “Do Central Banks Really Have More Gold Than U.S. Treasury Bonds?,” attempts to shed light on these claims. It should be a reminder, as the article admits, that it is difficult to get accurate figures from data provided by central banks and international agencies.
Since the global financial crisis of 2007–2009, central banks’ holdings of gold have steadily risen. The International Monetary Fund (IMF), which keeps data on central banks’ financial sheets, estimates that banks are holding between 22% to 28% of their assets in gold, which comes to $3.86 trillion in gold as of the end of June.
The FT article contends that this percentage of reserves is “mostly about recent price action rather than a fundamental and dramatic shift out of treasuries and into the yellow metal.”
While central banks still hold the bulk of their reserves in U.S. treasuries, the gap is narrowing as the price of gold continues to reach new highs which FT admits, but downplays: “the underlying reality isn’t quite as dramatic as it might seem.”
What should be taken from the article, not only by investors but just about everyone else, is that a mainstream financial organ like FT is noticing not only the rise in gold, but the potential of the greenback losing its reserve status—an event that would have immense and catastrophic consequences for all Americans. Such talk, up to this point, was only heard from hard-money advocates.
The rising price of gold is signaling that greater price inflation is on the horizon with continuing deterioration of the dollar’s purchasing power along with more job losses, which is the dreaded specter of “stagflation.”
Another of America’s financial elite has sounded the alarm that something ominous is on the horizon. Morgan Stanley has revised its traditional 60/40 portfolio split, the 40% typically allocated to bonds, to a 60/20/20 portfolio with 20% allocated to gold. To readjust its portfolio to increase its gold holdings, Morgan Stanley will have to reduce its share of U.S. treasuries, which will put more downward pressure on bond prices and increase yields.
With growing concern over the safety of U.S. treasuries, the continuing rise in prices, and the all-time high in gold and asset prices, the Federal Reserve, at its September meeting, decided to cut the federal funds rate by 25 basis points while indicating that there will be more cuts coming. The much-anticipated rate cut, of course, was in reaction to the unprecedented pressure brought to bear by President Donald Trump on Fed Chairman Jerome Powell.
Like his tariff policy, which has driven some allies into the arms of our supposed adversaries—see India and its rapprochement with China—Trump’s Fed bashing will have the opposite of its intended effect.
Trump believes that rate cuts will make the economy “take off,” and he hopes that lower borrowing costs will make service of the gargantuan U.S. debt more manageable.
As usual, the president talks out of both sides of his mouth. He has spent most of his second term boasting that the economy is the best it has ever been. Why then is there a need for interest rate cuts if the economy is booming?
Trump also promised massive spending cuts via the Department of Government Efficiency but, instead, he passed the “Big Beautiful Bill,” which added more spending, requiring more borrowing.
America is not alone in cutting rates as central banks across the world (whose economies are also debt ridden) are reducing rates which will only encourage more borrowing. This, of course, will lead to more price inflation as central banks will have to print more money to finance the profligate spending of their governments.
Eventually there will be a return to gold in the monetary order, not just as a reserve asset but one used in exchange as fiat currencies collapse.
If economic trends continue, that day may not be far off.
That would be good news, with the end of rothschild owned central banks as well.
Welcome to the Gaza protectorate – When surrender is called peace
https://www.rt.com/news/626052-gaza-protectorate-surrender-peace/
The glossy US peace plan masks Gaza’s fate as an American-Israeli vassal –peace in name, domination in practice.
Regime change: Two scripts, one goal
When subtlety is possible, the self-styled free world backs the uprisings of “people’s movements”. When patience runs thin, it turns to bombs and invasions. The methods differ in brutality and transparency, but the ultimate goal – control and domination – remains constant.
From the Rose Revolution in Georgia to the Maidan uprising in Ukraine, from Belgrade to Baghdad, the pattern is unmistakable.
Global protests mark Al-Aqsa Flood anniversary, condemn Gaza genocide
https://english.almayadeen.net/news/politics/global-protests-mark-al-aqsa-flood-anniversary–condemn-gaza
Pro-Palestine protests mark Al-Aqsa Flood anniversary in global cities, highlighting skyrocketing support for Gaza and growing Israeli isolation.
SKYROCKETING SUPPORT FOR GAZA and GROWING ISRAELI ISOLATION.
Although protesters and organizers were warned against rallying, claiming they “glorified violence,” demonstrations proceeded with massive floods of pro-Palestine supporters.
Marches were held in Sydney, London, Paris, Geneva, Athens, Thessaloniki, Istanbul, and Stockholm, where demonstrators voiced support for Gaza and called for an end to the ongoing humanitarian catastrophe.
Organizers stated that the rallies aimed to highlight the humanitarian crisis in the besieged enclave and defend Palestinian rights. In London, hundreds of demonstrators waved Palestinian flags and chanted slogans against “Israel” in front of King’s College London. A smaller group carrying Israeli flags stood nearby in counter-protest.
THE PROOF THAT PEOPLE ARE RIGHT:
New South Wales Premier zionist ppuppet Chris Minns criticized the protests, calling them “horribly timed” and “shockingly insensitive.” “British” zionist whore Keir Starmer also condemned the rallies, claiming they were “not in line with British values.” (LOL)
Global Demonstrations in Support of Gaza
https://english.masirahtv.net/post/51251/Global-Demonstrations-in-Support-of-Gaza
Circle of Isolation and Resentment Widens Against the Entity as Gaza Conflict Nears Its Second Year
https://english.masirahtv.net/post/51255/Circle-of-Isolation-and-Resentment-Widens-Against-the-Entity-as-Gaza-Conflict-Nears-Its-Second
Explosions Rock Umm al-Rashrash as Four Drones from Yemen Breach Airspace
https://english.masirahtv.net/post/51259/Explosions-Rock-Umm-al-Rashrash-as-Four-Drones-from-Yemen-Breach-Airspace
Sirens blared in the southern occupied Palestinian city of Umm al-Rashrash, known occupationally as Eilat, on Tuesday after multiple drones breached its airspace
Yemeni Armed Forces Launch Hypersonic Ballistic Missile Strike on Sensitive Targets in Occupied Al-Quds
https://english.masirahtv.net/post/51185/Yemeni-Armed-Forces-Launch-Hypersonic-Ballistic-Missile-Strike-on-Sensitive-Targets-in-Occupied-Al-Quds
The Yemeni Armed Forces announced on Sunday the successful execution of a strategic military operation deep inside the occupied territories, targeting multiple sensitive sites in Al-Quds with a multi-warhead hypersonic ballistic missile known as Palestine-2.
Two years on: Gaza awakens the West to Israel’s 77-year settler-colonial genocide
https://www.presstv.ir/Detail/2025/10/07/756451/two-years-on-gaza-awakens-west-israel-77-year-settler-colonial-genocide
Two years after Operation Al-Aqsa Flood, Western public opinion has undergone a seismic shift, marked by unprecedented pro-Palestine protests, widespread boycotts, growing condemnation of Israel’s genocide, and the mainstream rejection of Zionism.
Al-Aqsa Flood two years on, a tale of victory
https://english.almayadeen.net/news/politics/al-aqsa-flood-two-years-on–a-tale-of-victory
Two years after October 7, the Palestinian Resistance continues to defy “Israel’s” occupation, reshaping the struggle for freedom in Gaza and reigniting the global decolonial movement.
We’ve officially reached the second anniversary of October 7. Two years since the shock of the early morning videos of Palestinian Resistance fighters flying over the prison walls, which had isolated Gaza for decades.
“Thanks to God and through a series of operations behind enemy lines, as part of the Al-Aqsa Flood operation, we and the Resistance caused a historic and resounding shock, proving the truth of our statement that this cowardly enemy is dust and can be defeated and broken,”
We mustn’t forget that Palestinians have tried to take a peaceful approach tens of times since their occupation, beginning in 1949 armistice agreement following the war imposed on them by Zionist militias in British Mandate Palestine, then Geneva 1973, Camp David in 1979, the inital phase of the intifada in 1987, the Palestinian National Council Declaration in 1988, the Oslo Accords in 1993, the Arab Peace Initiative in 2002, the UN Statehood bid in 2011-2012, the Great March of Return in 2018-2019, and as we’ve seen throughout the war on Gaza, through the many times Netanyahu has torpedoed the talks to prolong the war and continue the genocide.
These failed movements by peaceful means show that only one side was determined to facilitate some form of diplomatic understanding. It proves that there is no talking with that which seeks your annihilation. As Palestinian revolutionary Ghassan Kanafani said, this would be akin to a conversation between the sword and the neck.
Palestinians didn’t kneel, they didn’t lower their head and say please stop, no more. They picked up arms and confronted the Golem created by Zionist colonialists, exposed “Israel’s” crimes to the world, and showed that they are a group whose very existence on the land in the face of a genocidal entity is a victory in itself.
Al-Quds Brigades vow continued fight, demands Gaza truce deal
https://english.almayadeen.net/news/politics/al-quds-brigades-vow-continued-fight–demands-gaza-truce-dea
Al-Quds Brigades mark the al-Aqsa Flood anniversary by pledging ongoing resistance, insisting Israeli captives will be freed only through an honorable swap.
EU zionist whores back down on ‘Israel’ sanctions
https://english.almayadeen.net/news/politics/eu-backs-down-on–israel–sanctions-amid-trump-s-gaza-plan
Hamas Slams ‘Unprecedented Arab Failure’ as Gaza Marks 2 Years of Israel’s Genocidal War
https://english.masirahtv.net/post/51263/Hamas-Slams-�Unprecedented-Arab-Failure-as-Gaza-Marks-2-Years-of-Israel-s-Genocidal-War
n the second anniversary of Israel’s genocidal war on Gaza, the Palestinian resistance movement Hamas says the regime’s forces continue to perpetrate massacres against defenseless Palestinians amid “shameful international silence and unprecedented Arab failure.”
Palestinian Resistance Fighters Attack Occupation Forces in Gaza; Six Israeli Troops Injured
https://english.masirahtv.net/post/51262/Palestinian-Resistance-Fighters-Attack-Occupation-Forces-in-Gaza;-Six-Israeli-Troops-Injured
Hamas fighters carried out retaliatory raids on Israeli army positions and fortifications across the besieged territory on Tuesday.
Hamas Leader: Al-Aqsa Flood Signals Countdown to End of Occupation
https://english.masirahtv.net/post/51261/Hamas-Leader-Al-Aqsa-Flood-Signals-Countdown-to-End-of-Occupation
The senior leader of the Islamic Resistance Movement Hamas, Fawzi Barhoum, said that the ongoing aggression by the Zionist entity on the Gaza Strip for the past two years has resulted in horrific massacres against civilians, noting that 95 percent of the martyrs and wounded are unarmed civilians — a documented genocide that constitutes war crimes not subject to limitation.
In a press statement on Tuesday, Barhoum revealed that the Israeli enemy has executed and tortured more than 80 Palestinian detainees to death inside its prisons, in blatant violation of international law and humanitarian conventions. He urged international human rights organizations to take urgent action to hold the enemy’s leaders accountable.
Barhoum described the Al-Aqsa Flood operation as a strategic turning point in the struggle against the Zionist occupation, marking “the true beginning of the countdown to end the occupation of Palestine.” He emphasized that the Palestinian resistance is now more united, capable, and resilient than ever before.
US gave Israel $21.7 billion in military aid during Gaza conflict – report
https://www.rt.com/news/626034-israel-us-weapons-gaza/
The Pentagon has also spent more than $10 million on operations across the Middle East since October 7, 2023, according to the document
The Pentagon has also spent more than $10 million on operations across the Middle East since October 7, 2023, according to the document
The paper by the Costs of War project at Brown University’s Watson School of International and Public Affairs was released on Tuesday, the second anniversary of the October 7, 2023 incursion into Israel by Palestinian armed group Hamas, in which 1,200 people were killed and 250 others taken hostage.