You are here
Anthony Rowley: Central banks rush to gold as fears of U.S. dollar crisis mount
By Anthony Rowley
South China Morning Post, Hong Kong
Saturday, June 28, 2025
Why are central banks, including those of China and India, adding gold bullion to their reserves at an almost alarming rate, to the point where gold is now second only to the U.S. dollar as an official reserve asset?
It is not for the same reason that others are snatching up the yellow metal, which is to act as a hedge against inflation or stagflation.
... Dispatch continues below ...
... ADVERTISEMENT ...
Blue Lagoon Resources Added to CSE25 Index,
Is Among 25 Largest Companies on the Exchange
Company Announcement
Thursday, June 26, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE 25 Index, the Canadian Securities Exchange's benchmark index that tracks the top 25 issuers by market capitalization.
The CSE 25 Index is a subindex of the CSE Composite Index and includes the largest companies by market capitalization on the exchange. Inclusion in the index represents a significant achievement for Blue Lagoon, reflecting its growing market capitalization and strong shareholder support, and providing increased visibility among institutional investors.
"Being added to the CSE 25 is a meaningful indication of the progress we have made," said Rana Vig, president and CEO of Blue Lagoon Resources. "With a fully permitted project, funding in place, and gold production expected to begin this summer, our inclusion in the index is a reflection of both market confidence and the strength of our strategic execution." ...
... For the remainder of the announcement:
https://bluelagoonresources.com/wp-content/uploads/2025/06/News-Release_CSE25.pdf
Central banks have instead joined the gold rush because they fear financial crises occurring, simultaneously and on multiple fronts, and these institutions constitute the first line of defence in dealing with such contingencies.
But why gold? Because a crisis of the chief reserve asset -- the U.S. dollar itself -- could be in the offing.
Gold has overtaken the euro as the second-most-important reserve asset for central banks, driven by record purchases and soaring prices, according to a European Central Bank report published this month. Bullion accounted for 20% of global official reserves last year, outstripping the euro's 16%.
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion. This is no ordinary diversification of central bank reserves. It more closely resembles panic buying -- not so much financial funk on the part of central banks as a scramble to stay ahead of anticipated crises in the financial system. ...
... For the remainder of the analysis:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
