With gold still holding near its historic all-time highs‚ central banks led by China are buying the top to fortify themselves against a global monetary and financial blow-up.In investing‚ Buy low‚ sell high is among the most well-known sayings‚ and generally‚ its good advice. But with gold still holding near its historic all-time highs‚central banksled by China are bucking the classic adage and smash-buying more‚ buying the top to fortify themselves against a global monetary and financial blow-up.Last month marked the 17th in a row that thePeoples Bank of China(PBOC) continued stacking gold. Notably‚ the bank typically reports lower numbers than its actual buying volume and is now also introducing a digital yuan to facilitate cross-border gold settlements.The People';s Bank of China announced its gold reserve data for March‚ with an additional 160‚000 ounces of gold reserves added‚ bringing the total reserves to 72.74 million ounces. pic.twitter.com/Ngalymi8nd Bai‚ Xiaojun (@oriental_ghost) April 8‚ 2024Russia is also doubling its reserves of gold and foreign currencies on its de-dollarization path‚ further detaching Russia from the petrodollar empire as it reacts to wartime sanctions from the US and EU. There are other blips on the de-dollarization map as well: though much smaller than Russia and China‚ Zimbabwe has a new gold-backed currency that lets them dump the USD for trade with China and other countries.Chinese citizens are trying to divest as well‚ but from their economy Chinese buying has become so blistering that goldETFs have gone haywire‚ with China repeatedly halting trading as ETFs rocket upward at a gobsmackingly-high premium against physical bullion. It has become increasingly difficult for the Chinese to invest outside of China‚ due to attempts by the regime to keep investments within the country. Citizens are trying to make moves to protect themselves against their perceptions ofdomestic economic uncertainty.Our fan-favorite Turbo Force Plus is now 40% off! See for yourself the delicious one-of-a-kind energy boost infowarriors CRAVE!Meanwhile‚ expectations that the Fed and other Western central banks will be cutting rates this year amidst continuing wars in Ukraine andthe Middle Eastprovide further rocket fuel for the gold price‚ with central bank buying helping it hold its new levelsdespite whatever elseseems to be going on in global markets.A Year of Central Bank Buying:Gold vs USD April 2023 April 2024SourceWhile shorter-term corrections are always to be expected‚ the macro factors support the view that‚ despite its awe-inspiring path upward in the past few months‚ the rally for gold hasnt finished. While inflation isnt contained‚ the Fed is expected to stay the course with planned 2024 rate cuts that willmake dollar weakness even worse. This can only mean higher prices for gold against USD.Reacting to warnings from Bloomerberg about ballooning debt and the powder keg of inflationary pressure‚Peter Schiff said:We have a much bigger problem than they acknowledge thats why the price of gold is at a record high‚ thats why its going to keep going up.With the overstretched and over-indebted American empire increasingly in a state of potentially terminal decline‚ BRICS countries arestacking hard assetswith the hopes of overtaking the West as the next economic superpowers in the coming decades. While they have fiat currencies of their own‚ none have anything resembling the world reserve currency status enjoyed by the USD. Buying the top even as gold continues upward tells a story of their future visions of US dollar chaos.Besides‚ if you expect the dollar to fail‚ as dominant fiat currencies historically have‚ then the top doesnt matter ifthe bottom for fiat is zero‚ then theres no meaningful top for hard assets like gold in fiat terms. And just as you didnt want to be the last schmo holding seashells when no sane person would give you even the tiniest sliver of gold in exchange‚ its wise of central banks to avoid being the last ones trying to trade worthless paper for gold that‚ when fiat is functionally dead‚ will be infinitely more valuable.Because when youzoom out far enough‚ the exchange price of fiat currencies always reverts to its true value of zero.Learn Why The Globalists Are Killing Their Own Monetary System