BRICS Gold to Surpass US Treasury Holdings by Late 2027

Between October 2024 and October 2025, these three nations offloaded a combined $183.2 billion in US Treasuries, according to reports. Simultaneously, they added hundreds of tonnes to their central bank gold stockpiles, a move described by Frank Giustra as entering “the era of hard money.” The current velocity suggests an annual pace of roughly $180 billion in treasury sales and over 250 tonnes of gold purchases.

Consequently, the value of BRICS gold treasury holdings is closing in on their US Treasury holdings at an accelerating pace. China leads the sell-off, having dumped $71.4 billion over the 12-month period according to analysts, while India cut $50.7 billion and Brazil offloaded $61.1 billion. This leaves a combined gap of approximately $400 billion between their $1.15 trillion in treasury securities and $430-450 billion in gold.

Meanwhile, gold accumulation is intensifying, with Brazil’s Central Bank adding 43 tonnes in just three months. India’s Reserve Bank has been on a particularly aggressive spree, increasing its holdings by 58% since 2015 to 880.18 metric tonnes. If gold prices hit Morgan Stanley’s forecast of $5,800 per ounce, the projected 2027-2028 crossover point could arrive even sooner.

Multiple factors drive this strategic shift, including concerns about dollar weaponization post-2022. Between 2020 and 2024, BRICS member states purchased more than 50% of global gold, systematically reducing dollar reliance. ING analysts caution this is an “enduring trend” rather than a one-off adjustment, as reported by market observers.