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Gold Reserves
123.5t
Reserve Value
$11.40B
% of Reserves
0.0%
YoY Change
+3.4t
Est. Purchase Cost
$313.73M
Gold/Currency Ratio
2.33%
Mexico adds gold for North American economic hedging amid US relations.
Notable Activity
Added 3.4 tonnes year-over-year to 124 tonnes.[user data]
Key Motivations
What this means
The gold/currency ratio measures how much of a country's money supply is "backed" by gold reserves. A higher ratio suggests stronger implicit gold backing of the currency. This country has a relatively low gold/currency ratio, suggesting room for additional gold accumulation.
Bullion Fear & Greed Index
Was the market fearful or greedy when Mexico was buying? Central banks often buy gold during market fear — the opposite of retail.
Gold/Silver Ratio
Central banks buy gold, not silver. Track the gold/silver ratio to understand relative value between the two metals.
Mining ETFs
Central bank buying supports gold prices, which flows through to mining company valuations. Track GDX, GDXJ, and miner sentiment.
Data Sources
Gold holdings from IMF International Financial Statistics (IFS) and World Gold Council. M1 money supply from FRED and IMF. Geopolitical context enriched monthly. Last updated: 2025-12-31.