#密码资产动态追踪 What are the world's central banks doing? Gold is quietly replacing US Treasuries!

$XAU suddenly becomes the focus. According to the latest data, how fierce is this round of gold price rally? How quick are the central banks' reactions?

The data just released by the World Gold Council is eye-opening — the total official gold reserves worldwide have surpassed 900 million troy ounces (most countries report by the end of November, some by the end of October). Converted to USD, based on the gold price as of November 30, this reserve is worth up to $3.82 trillion.

Compare this with the situation at the same time: how much US debt do overseas official holdings amount to? October data shows about $3.88 trillion. The numbers are very close. But here’s a detail — if the central banks' gold reserves remain unchanged at the end of the year, valued at the year-end price, this gold asset would be worth $3.93 trillion.

Got it? Gold has already surpassed US Treasuries to become the largest reserve asset held by overseas official institutions.

What does this mean? It means capital is being reallocated. The size of global capital is expanding, and investment structures are adjusting. The trend of diversification of assets is already underway, and opportunities in the crypto market are emerging accordingly.