中国央行连续11个月抢黄金，虽然占比只7.7%！却能给美元 “埋雷”

Group 1 - The People's Bank of China has increased its gold reserves for 11 consecutive months, adding 1.24 tons in September, bringing total reserves close to 2304 tons. However, gold only accounts for 7.7% of China's foreign exchange reserves, significantly lower than the global average of 15% [1][4][11] - Central banks worldwide are increasingly purchasing gold, with India's gold imports projected to rise by 30% in 2025, and Russia using gold for energy settlements. This trend indicates a growing distrust in the US dollar [1][5][11] - The recent surge in gold prices, which increased by 56% since October 2024, is primarily driven by the weakening of the US dollar. As confidence in the dollar declines, investors are turning to gold as a safer asset [4][11][14] Group 2 - The US dollar's dominance is under threat due to rising national debt, which has surpassed $38 trillion, and a declining manufacturing sector. This situation raises concerns about the sustainability of the dollar's status as the world's primary currency [7][8][9] - The US military's declining capabilities, exemplified by the prolonged repair of aircraft carriers, further undermines confidence in the dollar. The US's reliance on foreign manufacturing for military assets highlights its vulnerabilities [8][9] - Central banks are accumulating gold as a hedge against the potential decline of the dollar's dominance, preparing for a future where the dollar may not be the primary reserve currency [11][12][14] Group 3 - The shift towards gold is part of a broader trend of "de-dollarization," where countries seek alternatives to the US dollar for international trade. This includes using local currencies and gold in transactions [11][12] - The transition to a new global currency is complex, as no single country currently possesses both strong manufacturing and military capabilities to replace the dollar. In the meantime, gold remains a stable asset [12][14] - The volatility of gold prices reflects the fluctuating trust in the US dollar, with recent price drops linked to geopolitical developments and changes in US monetary policy [4][14]