---
title: The German investment bank said it sees a scenario where central banks continue to increase their gold holdings as a financial safety net to protect themselves from Western sanctions.
description: "These central banks have added over 225 million ounces to their reserves since the 2008 financial crisis, while their holdings of US dollars have fallen from a peak of over 60% in the early 2000s to about 40% today.\n\nGold’s share of global central bank reserves could reach 40%, up from 30% currently, the bank predicts. At that allocation, Deutsche Bank ran a simulation that projects gold prices to hit $8,000 an ounce within five years, a near 80% rise on current levels.\n\nSource: Wall Street Mav"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The German investment bank said it sees a scenario where central banks continue to increase their gold holdings as a financial safety net to protect themselves from Western sanctions.](https://blog.syzgroup.com/syz-the-moment/the-german-investment-bank-said-it-sees-a-scenario-where-central-banks-continue-to-increase-their-gold-holdings-as-a-financial-safety-net-to-prote-1777647214029)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 1, 2026, 2:54:19 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-german-investment-bank-said-it-sees-a-scenario-where-central-banks-continue-to-increase-their-gold-holdings-as-a-financial-safety-net-to-prote-1777647214029)

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