Episode
Why countries are dropping the dollar - and buying gold
- Podcast
- Geopolitical Economy Report
- Published
- Jun 8, 2026
- Duration seconds
- 1256
- Processing state
not_requested
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Summary
Gold has officially overtaken Treasury securities (US government debt) as the top asset held by global central banks, according to a report by the European Central Bank (ECB). Ben Norton explains how dedollarization is continuing, gradually and steadily. VIDEO: https://www.youtube.com/watch?v=LmyWn2lrXBM Topics 0:00 Decline of US dollar dominance 0:55 Debasement trade 1:42 Central banks buy gold 3:59 Gold overtakes US Treasuries 5:36 Top countries buying gold 7:00 West's seizure of Russian assets 8:54 Alleged unofficial gold holdings 10:16 Falling dollar share of reserves 12:14 Reasons for fall in gold price 14:58 EU hypocrisy 16:26 China keeps buying gold 18:05 China calls for multipolar system 19:13 De-dollarization is continuing 20:32 Outro