Central banks have experienced three consecutive years of losses on their treasury holdings, causing them to stop viewing US and European debt as safe reserve assets and instead accelerating demand for gold as an alternative reserve asset.
causalpending
Speaker
Daniel LayaEvidence Quote
“what we have seen is what is happening right now with bond markets is a direct consequence of three consecutive years of losses at the central banks”
Source
Inflation Is Not a Mistake – It’s a Strategy, 2025 Crash Explained | Daniel Lacalle— Soar FinanciallyCreated: 8/11/2026, 7:10:29 AM
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