Central banks that once dismissed gold as a barbaric relic have now bought more than 7,000 tonnes since 2010. Yet privately held gold still represents just 2.7% of global financial assets.
Gold is being remonetized as institutional trust in governments, central banks, and the fiat system continues to erode.
These dynamics, their drivers, and potential outcomes are unpacked in the first Nugget from the In Gold We Trust report 2026, "Back to the Monetary Future."