A few months ago when the Asian Central banks started selling their fiat currencies to buy gold, THAT corresponded with the retail buying by consumers at all the Costco stores in the USA selling a reported $100,000,000 a month of the one ounce gold wafers.
A very big deal as the USA consumers have never before had that kind of serious retail availaibility.
I'm sorry, I'm a bit confused by the commentary. You state that a fiat currency, USD, overtook gold for the first time in the 1990s. The video seems to show that this event took place in 1971. Was the video inaccurate? In 1996, USD became a majority of global foreign reserves for the first time.
Excellent visual, Jan Nieuwenhuijs!
We put it on the following platforms (among others):
YouTube: https://youtu.be/mWSaEf-DTJc?feature=shared
X: https://x.com/MoneyMetals/status/1909567001267237104
Instagram: https://www.instagram.com/reel/DIMm9RUR9xQ/
And, Joshua D Glawson wrote an article on it: https://www.moneymetals.com/news/2025/04/09/golds-historic-race-to-reclaim-its-role-as-the-preeminent-reserve-currency-003969
Excellent animated chart! Well done!
Gold is on the loose!!
A few months ago when the Asian Central banks started selling their fiat currencies to buy gold, THAT corresponded with the retail buying by consumers at all the Costco stores in the USA selling a reported $100,000,000 a month of the one ounce gold wafers.
A very big deal as the USA consumers have never before had that kind of serious retail availaibility.
I'm sorry, I'm a bit confused by the commentary. You state that a fiat currency, USD, overtook gold for the first time in the 1990s. The video seems to show that this event took place in 1971. Was the video inaccurate? In 1996, USD became a majority of global foreign reserves for the first time.
It truly took over in the 1990s
Gold actually might take over US dollar sooner, than we think given the avalanche of fresh policies coming from US Adm, and the gridlock on its debt.