politics
‘The dollar is losing credibility’: why central banks are scrambling for gold

‘The dollar is losing credibility’: why central banks are scrambling for gold

16 Ocak 2026The Guardian

🤖AI Özeti

Central banks are increasingly turning to gold as a safeguard against economic instability, according to experts. A recent incident involving Serbia’s central bank highlights the challenges of transporting valuable gold bars. Despite the high value of gold, logistical issues can arise, as seen when gold was left on a runway in Switzerland. This trend reflects a growing concern over the credibility of the dollar in an unpredictable global landscape.

💡AI Analizi

The shift towards gold by central banks suggests a significant lack of confidence in fiat currencies, particularly the US dollar. As geopolitical tensions and economic uncertainties rise, central banks are likely to prioritize tangible assets like gold over traditional currency reserves. This could lead to a long-term decline in the dollar's dominance as a reserve currency, prompting a reevaluation of global financial strategies.

📚Bağlam ve Tarihsel Perspektif

In recent years, central banks worldwide have been diversifying their reserves, with gold emerging as a preferred asset. This trend is driven by fears of inflation, currency devaluation, and geopolitical instability. The incident with Serbia's gold shipment underscores the logistical challenges that accompany this shift, even as the demand for gold continues to grow.

This article reflects the views of the author and does not necessarily represent the views of The Guardian.