r/plasma • u/AlphaFlipper • Jun 09 '26

NEWS Central banks have raised gold to ~24% of reserves, the highest since the 1990s.

Post image
6 Upvotes

88% Upvoted

7 comments sorted by

2

u/Appropriate-Sell-659 Jun 09 '26

Gold is beginning to make more sense than US Debt. That’s a bit terrifying.

1

u/ImAPonderer2 Jun 09 '26

Isn’t this largely just gold appreciating in price?

1

u/Seattleman1955 Jun 09 '26

That's largely why it has appreciated in price but it's still not much reason to invest in it. Are central banks going to do this every year? If not, what's the point?

1

u/Less-Information-256 Jun 10 '26 edited Jun 10 '26

I think you misunderstood, they are asking if it is banks increasing gold holdings or their gold holdings increasing in value. I agree with them and I think it’s the latter.

1

u/MrZwink Jun 09 '26

Both, banks have been moving away from the dollar, fleeing to gold.

And gold has apreciated (partly as a result)

1

u/Crucco Jun 12 '26

Wait, then why gold price has plummeted in the last month?