
The Kobeissi Letter|Jun 09, 2025 15:09
Gold is on fire:
Gold's share of global reserves reached 23% in Q2 2025, the highest level in 30 years.
Over the last 6 years, the percentage has DOUBLED.
At the same time, the US Dollar's share of international reserves has declined 10 percentage points, to 44%, the lowest since 1993.
By comparison, the Euro's share has decreased 2 percentage points, to 16%, the lowest in 22 years.
Gold is quickly replacing fiat currencies as a reserve currency.
Keep watching gold.
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