Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
We've shown this leaderboard, right?
Gold, number one, and nothing else is close.
I remember a time when this was like, I don't know, 15 trillion or something.
It is now almost 40 trillion.
And silver, number two.
Silver used to be, I don't know, down like 25.
Tenth.
Yeah, something like that.
And now it's 6.3 trillion dollars.
So gold and silver, indisputable.
Like silver bigger than Nvidia on this run.
This is another thing.
I know we've been tracking this, but gold has overtaken U.S.
treasuries in central bank FX reserves.
This is the first time in 20 years that happened in 2025.
Look at, so, you know, in yellow, confusingly enough, is the foreign official treasury holding.
In black is gold holding.
So you see that.
Yeah.
Well, it's a replacement of the assets.