SHIFTING TIDES! Nations SELL U.S. BONDS & REPATRIATE GOLD as CONFIDENCE WANES.｜AsianQuickTake

Welcome to Asian QuickTake, your source for global political insights. Join Jacob as he explores the latest news in world affairs, international relations, and technology. In this video, we discuss China’s sale of U.S. Treasuries and the rising gold holdings of thirteen countries, which have raised concerns in the United States. Over the past 20 years, Western nations have divested their gold reserves, while emerging markets and European countries have been buying gold at an unprecedented rate, diversifying their international reserves by selling U.S. Treasuries. According to the World Gold Council, global gold reserves have risen by a record 228 tons through May this year, with China and India leading as the top buyers from central banks. This trend has been in place for the past decade, with central banks shifting from selling to buying gold. Since 2022, central banks have been purchasing gold at the fastest pace in 55 years. Global gold ETF inflows reached a seven-year high in the first quarter of this year, indicating sustained optimism for gold. China has continued to add to its gold reserves, with recent data showing a seventh consecutive monthly increase. Analysts speculate that China’s actual gold purchases may be even higher, considering the significant decline in its U.S. Treasuries holdings. Other countries, like Germany, Poland, Romania, and Switzerland, are also reducing their U.S. Treasuries holdings while increasing gold imports. China’s gold imports from Switzerland, in particular, have surged by 71% this year compared to the previous year. These shifts suggest a move away from U.S. Treasuries and a potential challenge to the dominance of the U.S. dollar. Some analysts believe that China’s increased gold purchases could pose a greater risk to the dollar and impact the global economy. Additionally, several countries are repatriating their gold reserves from the Federal Reserve or the Bank of England, signaling a resurgence of gold as an economic power. The United States, which has relied on the U.S. dollar’s dominance, now faces challenges as other countries seek alternatives. China’s reduced U.S. debt holdings have caused some concern in the United States. However, U.S. Treasury Secretary Yellen emphasizes the importance of collaboration and economic cooperation with China to address global challenges. In conclusion, the increasing investments in gold, the reduction in U.S. Treasuries holdings, and the repatriation of gold reserves by various countries reflect a reevaluation of the U.S. dollar era and a renewed focus on the gold standard. These changes have significant implications for the global economic and financial landscape. Thanks for watching! We value your thoughts and opinions, so please share them in the comments below. Don’t forget to like, subscribe, and hit the bell icon to stay updated with Asian QuickTake. See you in the next video! 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.