# Why countries are dropping the dollar - and buying gold

Page: https://stenobird.com/podcast/geopolitical-economy-report-5434689/why-countries-are-dropping-the-dollar-and-buying-gold
Text version: https://stenobird.com/podcast/geopolitical-economy-report-5434689/why-countries-are-dropping-the-dollar-and-buying-gold.md
Podcast: [Geopolitical Economy Report](https://stenobird.com/podcast/geopolitical-economy-report-5434689)
Published: 2026-06-08T13:35:03+00:00
Episode link: https://soundcloud.com/geopoliticaleconomy/dollar-gold-central-bank-reserves
Audio file: https://feeds.soundcloud.com/stream/2335420379-geopoliticaleconomy-dollar-gold-central-bank-reserves.mp3
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JSON: https://stenobird.com/v1/public/podcasts/geopolitical-economy-report-5434689/episodes/why-countries-are-dropping-the-dollar-and-buying-gold
Duration seconds: 1256

## Resource

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

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