ⓘ About this map

Dollars vs Gold — How the World Parks Its Money

Watch what central banks do, not what they say. They are quietly trading dollars for gold.

Foreign governments hold trillions in US Treasurys, and the mix is moving. Japan and China have long been the two biggest holders. China has spent years letting its pile shrink while it and others — Russia, Turkey, India, Poland — buy gold instead.

The map plots Treasury holdings against gold reserves so the rotation shows up in one picture instead of buried in monthly reports. The data is the Treasury's own TIC series, with estimates layered over the parts that are deliberately opaque: China's offshore-custodied Treasurys, and official gold figures most people think understate the truth.

Read it as a trust gauge. How much of its savings is the rest of the world still willing to keep in dollars, and for how long.

Muad'Dib Capital, the Atlas of the Physical Economy. For information only — not investment advice. Company lists are representative selections curated from public sources.

More maps

The Atlas · Web · Mines · Us Homes · Cement · Waste · Oil / Gas · Chips · Humanoids · Rockets · Submarines · Retail · Ships · El Niño · Fish · Launches · Tank Watch · Chokepoints · Beef · Investors · Nowcast · M&A

DOLLARS vs GOLD › HOW THE WORLD PARKS ITS MONEY

live TIC · official reserve managers