Gold just flipped U.S. Treasuries as the primary reserve asset for the first time in over 30 years. Central banks are voting with their wallets and, honestly, this shouldn't come as a surprise. These Treasuries are literal IOUs and the US is the biggest debtor on Earth. Let us put it this way: would you lend to somebody who you know has maxed out his credit card and has a spending problem?(Lark Davis)