Ye Huiling, a 25-year-old middle school teacher in Shenyang, Liaoning province, has been purchasing gold products for the last three years.

So far, however, we are witnessing symbolic actions that eventually spell a currency crisis, but we are all guessing when that is.

Nearly a quarter of central banks are looking to increase gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.

Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal.

Global debt levels soared by $8.3 trillion in the first quarter of 2023, climbing to $305 trillion, nearly the record high set in the first quarter of 2022, according to the Institute of International Finance. This means almost 335% of GDP.