Gold Wars: investors, central banks, and BRICS are dumping dollars for “safe haven” of gold

by Inside China Business [1-14-2026].

Gold prices are soaring to record highs as inflation-weary investors, central banks, and BRICS nations are dumping dollars to build gold reserves.

De-dollarization is a stated policy objective for governments in BRICS countries. Dollars and Euro are swept out of Western banking systems as earned in trade surplus, and much of it is used to buy gold to haul back to domestic vaults.

But today almost all the world's central banks are aggressively building out their own gold reserves. Gold is a "safe haven" asset, and cannot be inflated away, but more importantly cannot be frozen or seized if held outside SWIFT systems.

Closing scene, Yangzhou Slender West Lake, Jiangsu.

China's November net gold imports via Hong Kong more than doubled from October [12-29-2025]

China’s central bank buys gold for 14th consecutive month [1-7-2026]

Central bank gold demand to continue into 2026 [12-16-2025]

Central bank gold statistics: Buying momentum continues into November [1-6-2026]

Top Gold Producing Countries (2024) [3-26-2025]

BRICS nations control 50% of global gold output in shift away from US dollar [12-29-2025]

BRICS nations ditch dollar for gold in global finance power grab [12-14-2025]