Central banks are revaluing gold reserves.$PAXG
They aim to use gold to back more of their foreign debt. Look at the historical backing ratio:
1960s: 40%
1989: 20%
Today: 9%
The goal is to push it back to 18-20%. For that, gold's price needs to double (2x).
If they targeted the old 40% level? That's a 3x-4x move.
This is a core part of the financial reset. For crypto natives, this is a huge tailwind for gold-backed tokens like $PAXG .
