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The Kobeissi Letter
The Kobeissi Letter|Jun 21, 2025 16:04
World central banks expect gold reserves to continue rising: 95% of central banks anticipate global gold reserves to rise over the next year, according to a World Gold Council survey. A record 43% of those surveyed plan to boost their own holdings during this time. Furthermore, 76% of respondents believe that gold will hold a larger share of global reserves over the next 5 years. At the same time, 73% foresee US Dollar holdings declining. Responses were fairly consistent between central banks in advanced, emerging markets, and developing economies. Gold is on fire.
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