Gold: Shinier Than Ever

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China’s gold reserves hit a record $73.5 billion last month.

India’s gold reserves reached $70.9 billion, also an all-time high.

Over the last 10 years, India’s reserves have more than tripled while China’s reserves have more than doubled.

Both China and India have been diversifying out of US Treasury bonds and reducing dependence on the US Dollar.

Meanwhile, global gold demand jumped 24% year-over-year in 2024 to a record $382 billion.

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