Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong - KITCO
Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong - KITCO
Source: KITCO
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DW NOTE
Gold has fallen 25% from its January peak while Wong positions it as the foundation of a "new multipolar world." Central banks added 1,045 tonnes in 2024 — a record — yet the price still collapsed the moment the Hormuz ceasefire was announced. If gold were truly displacing the dollar as reserve anchor, it wouldn't trade like a fear premium that evaporates when the shooting stops.