29% and climbing while everyone still calls this a bubble. Central banks aren’t buying momentum, they’re buying insurance against their own currencies. That kind of demand doesn’t care about RSI or resistance levels.
— SONIC AI | Gold Trading (@SonicAIGold) September 6, 2026
Central banks have been increasing their purchases of gold:
Central banks continued their gold accumulation in July with net buying reported at 23t. Emerging markets have also continued to accumulate gold this month with China (20t) and Poland (8t) taking the lead (Chart 1). Notably, activity from the People’s Bank of China (PBoC) has picked up pace in recent months, with double-digit monthly purchases of gold since May 2026. 09/03/26 https://www.gold.org/goldhub/gold-focus/2026/09/central-bank-gold-statistics-central-banks-make-positive-headlines-gold
Additionally, more European governments are moving gold from the USA back to Europe. France did that earlier this year (see France repatriated tons of gold from the USA). The Netherlands has also recently done that:
Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York.
What to know about safe havens and the U.S., as the Netherlands’ central bank follows France in pulling gold out of New York
September 6, 2026
The U.S.’s status as a financial safe haven has begun to clash with President Trump’s growing barrage of economic and military threats to advance his agenda.
The Netherlands’ central bank cited “geopolitical unrest” this week in its decision to move gold out of New York. Norway’s $2.4 trillion oil fund also floated a plan to cut its Treasury holdings and reduce its overall government-bond holdings to 50% from 70%, according to a spokesperson for the fund.
Trump’s sweeping tariff fight shocked the world last year. …
So, does the world now trust the U.S. less?
“This is more about the irrationality of the president,” said Steven Blitz, chief U.S. economist at GlobalData TS Lombard — pointing to Trump’s threat on Friday to cut trade with certain countries unless the Federal Reserve slashes interest rates.
“Who’s to say he can’t suddenly decide that this gold [in New York] can’t leave?” Blitz said of Trump. The odds of that occurring look unlikely, he noted, but central banks also aren’t wrong to consider the possible risks — at least until there’s more clarity on U.S. policy after Trump’s second term ends in January 2029.
“In the meantime, is it prudent for the Dutch to move gold out? The answer is: Yeah, I can understand it,” Blitz added. …
France recently sold the last of its New York gold, while upgrading it and netting a gain equivalent to $15 billion. Germany made big transfers during Trump’s first term in the White House.
“I see this as being more about control than geography,” said Max Baecker, president of American Hartford Gold, a precious-metals dealer. “Central banks want to know they can access and mobilize their gold when they need it.” …
“It used to be, when the markets moved too far, people started asking about buying Treasurys,” said Bob Edwards, chief investment officer at Edwards Asset Management. …
In recent years, the U.S. government has been running a very large deficit, and the reaction has been higher 10-year and 30-year TMUBMUSD30Y 5.247% Treasury yields, said Mike Treacy, vice president of risk at Apex Fintech Solutions.
“As long-term rates go higher, then there’s going to be more demand for gold itself,” he noted. https://www.marketwatch.com/story/is-the-u-s-losing-its-safe-haven-status-why-global-central-banks-are-pulling-gold-out-of-new-york-3e24d510
The Dutch central bank said this week that it was shifting about 86 tonnes of gold bars out of New York and Canada and moving them closer to home.
Why it matters: Countries are rethinking where they stash their gold reserves, as relations with the United States have frayed and geopolitical unrest has risen.
- The move comes at a time when the status of the U.S. at the center of the world financial system is in question.
- Foreign governments also now hold a much lower share of U.S. Treasury bonds. … https://www.axios.com/2026/09/04/moving-gold-out-of-us-dutch-central-bank
In addition to US federal government debt, Donald Trump’s tariff statements, military statements, and actions have had a variety of unintended consequences. One of which has been sometimes been increasing the price of gold as well as to push allies to take actions related to it as well.
While the value of gold can drop, the long-term reality is that the value of the US dollar has been dropping, and ultimately will be worthless when gold will still retain value (cf. Daniel 11:39-43).
As far as gold goes, notice something from my free January 2025 eBook Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?:
Since many are now questioning the role of the USA dollar as the world’s reserve currency, more are looking into other currencies as well as gold.
Gold will set records in U.S. dollar terms. … gold will set further records in U.S. dollar terms in the relatively near future.
It has been asserted that:
The only replacement for fiat {currency} is a currency credibly backed by gold.[i]
Although the above can be debated, the reality is after the elimination of the USA and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.
It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[ii] Various steps were also taken in 2022 and 2024.[iii]
When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
[i] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022
[ii] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016
[iii] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022; Bezek I, Duggan W. De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status? US News & World Report, November 2024
(Thiel B. Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Nazarene Books, 2025, pp. 205-207)
And we have already seen gold hit a record price scores of times since that book came out in mid-January 2025–though it has had major drops this year.
But even that should not be a surprise as in January I posted:
Yes, in certain ways, gold is overvalued. … –gold has hit daily record prices in US dollar terms over 50 times in 2025 (https://economictimes.indiatimes.com/markets/commodities/a-golden-run-after-60-surge-and-over-50-all-time-highs-this-year-whats-next-for-gold-in-2026/articleshow/125800646.cms?utm_source=chatgpt.com&from=mdr). And despite ups and downs, that is not over. … But that does not mean that the price of gold cannot drop, and drop by a lot, for a time. (Thiel B. Gold price predictions for 2026 and beyond. COGwriter, January 6, 2026)
While I am NOT a “gold bug” as I understand how some define that term, Bible prophecy shows that gold and silver will have value into at least part of the Great Tribulation–which means it will have value AFTER the USA dollar is done.
My book Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? also has the following statement:
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied. (pp. 205-207)
That is a reason why European nations are moving gold closer to themselves.
Notice the following prophecies related to the coming European (at least partially German per Isaiah 10:5-12) King of the North:
37 He shall regard neither the God of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
40 “At the time of the end the king of the South shall attack him; and the king of the North shall come against him like a whirlwind, with chariots, horsemen, and with many ships; and he shall enter the countries, overwhelm them, and pass through. 41 He shall also enter the Glorious Land, and many countries shall be overthrown; but these shall escape from his hand: Edom, Moab, and the prominent people of Ammon. 42 He shall stretch out his hand against the countries, and the land of Egypt shall not escape. 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; (Daniel 11:37-43)
If gold and silver were of no value then, then they would not be precious (see also Zechariah 14:13-14) to the King of the North. The Bible clearly shows that gold and silver will be of value into the time of the final Babylon (Revelation 18:11-16). It may well be that the King of the North will realize that his currency needs more gold-backing as the collapsing of the USA dollar will likely send shockwaves against other paper currencies. Gold will help stabilize whatever currency he is supporting. He even may start amassing gold prior to the invasion of the USA (Daniel 11:37-39), but will clearly do so afterwards when he invades the King of the South (Daniel 11:40-43).
The fact that more in Germany want to repatriate gold is consistent with those prophecies in the Book of Daniel.
Here is a link to a 2025 video:
Is World War Three coming soon? Changes in the world order are rare, history-defining events—with massive implications, both geopolitical and financial. Is owning gold by Christians for the unexpected as Joel Rosenberg has publicly stated or, perhaps, for those who believe biblical prophecies, for the expected? Will the US Dollar collapse? In a word, yes. Could the USA be the highly indebted nation that Habakkuk 2:6-8 refers to? WWIII will mean the end of the USA dollar when that nation is conquered per Daniel 11:39, whereas gold will continue to have value per Daniel 11:43 and the 18th chapter of the Book of Revelation. Prophecy indicates that the massive debt of the USA will result in the take over of the USA (Habakkuk 2). While gold will continue to have value after the destruction of the US Dollar, we should not put our confidence in either. Will gold one day be worthless? Put your confidence in God and His Word. Seek first the Kingdom of God (Matthew 6:33).
Here is a link to our video: WWIII, Gold, and the Collapse of the Dollar.
Gold may go further down, but it is not out, as it will one day go up even more. Prophecies in the 11th chapter of Daniel and the 18th chapter of the Book of Revelation point to gold having value years after the US and its dollar are gone.
Much of Europe is in the process of decoupling more and more from the USA.
The repatriation of gold is a signal that they are taking serious steps to do so.
For additional information, check out the following articles:
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What About Silver? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European? Here is a link to a related sermon in the Spanish language: El Fin de la Babilonia Europea.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? Do you really know what will happen to Europe and the English-speaking peoples? What about the peoples of Africa, Asia, South America, and the islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.