Making Money Minute - October 29, 2025

Making Money Minute with Ron Hiebert - Central Banks Are Buying Gold The US Federal Government deficit for 2025 is going to exceed 2 trillion dollars. The third highest in history. American fiscal irresponsibility and aggressive trade policies, punishing friend and foe alike, have motivated foreign countries to slowly shift assets. Central banks used to hold huge amounts of US Government bonds, because they were safe, liquid and paid dependable interest. In the last 6 years that has changed. Foreign central banks now hold more gold on their balance sheets than they do US government bonds. It is a trend that will continue - and likely accelerate.