金价根本压不住！全球央行疯狂买入，美债被黄金正式挤下神坛

Group 1 - The core viewpoint of the articles highlights a significant shift in global financial dynamics, particularly the rising demand for gold as a safe-haven asset, which is increasingly replacing U.S. Treasury bonds as the preferred choice for central banks and investors [1][3][8] - Central banks globally are accelerating their gold purchases, with China's central bank increasing its reserves to 7.409 million ounces in October, marking the 12th consecutive month of accumulation [3] - In September, global central banks bought 1.4 million ounces of gold, a 79% increase from August, indicating a systemic reallocation from dollar assets to gold [3] Group 2 - The total value of gold held by global central banks has surpassed that of U.S. Treasury bonds, with gold reserves valued at $4.7 trillion compared to $3.9 trillion in U.S. debt [3] - The cost of maintaining the U.S. debt system has risen to $1.16 trillion annually, exceeding the defense budget of $1.13 trillion, highlighting the increasing burden of the dollar system [6] - The shift towards gold is not limited to central banks; individual investors are also moving to gold as a means of preserving value, with physical gold deliveries reaching 86.6 tons in one week in October [6][10] Group 3 - There are reports of a major Eastern country constructing a global gold storage network, which includes facilities in Saudi Arabia and Southeast Asia, aimed at facilitating trade without relying on the dollar [8] - This emerging gold circulation network poses a direct challenge to the dollar's dominance in global trade settlements, as more transactions may be conducted using a combination of the Chinese yuan and gold [8] - The narrative suggests that the control of gold prices by the U.S. is collapsing as global demand for gold rises, indicating a broader transition in the definition of "risk-free" assets from U.S. Treasury bonds to gold [8]