Central banks globally are purchasing gold at an unprecedented rate, marking the fastest pace in history. This trend is driven by a strategic shift away from traditional currencies like the dollar and yuan, as banks seek to diversify their foreign exchange reserves amid rising geopolitical tensions and economic uncertainties. The move towards gold, often seen as a 'stateless currency,' reflects a growing preference for assets perceived as stable during periods of financial instability. The United States holds 67% of its foreign reserves in gold, while China holds approximately 5%. This accumulation highlights gold's increasing importance and rising price in the context of current global challenges, including war, high debt levels, and sanctions. The top 10 countries by gold reserves in 2024 further emphasize this trend.