🇺🇸 NEW: The U.S. dollar’s share of global foreign exchange reserves has now fallen below 45%, according to Bloomberg.


That marks a decline of more than 15 percentage points since 2000.
At the same time, central banks are reducing Treasury exposure while aggressively increasing gold allocations.
For the first time in history, global central bank gold holdings are now worth more than inflation-adjusted U.S. dollar reserves.
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