My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal’s role in the international monetary system will increase to the detriment of the US dollar.
It is for sure impossible to know, much less to speculate about how much of the big reserves of governments and others are loaned out, and then loaned out some more.
I wholly agree with your analysis caused by excessive money printing by western government and their so called independent central bankers. However, it will result in a crisis for the US$, £Sterling and Euro funding likely to bust the Euro.
I suspect France is swapping out gold (their reserves are slowly growing, which can be from interest payments). https://www.gainesvillecoins.com/blog/france-repatriates-all-its-monetary-gold
The others I don’t think they lend out gold. The UK not, the Netherlands not.
It is for sure impossible to know, much less to speculate about how much of the big reserves of governments and others are loaned out, and then loaned out some more.
Jan do you have any thoughts on this issue?
I wholly agree with your analysis caused by excessive money printing by western government and their so called independent central bankers. However, it will result in a crisis for the US$, £Sterling and Euro funding likely to bust the Euro.