In this appearance on the Trish Regan Show, Dr. Kirk Elliott discusses why France and other nations have been repatriating their gold from vaults in New York and London, framing it as a move to hold reserves they fully control. He connects this to de-dollarization, explaining that some central banks have reduced their US Treasury holdings and that the earlier freezing of Russia's assets signaled to other countries that reserves held abroad could be restricted. He notes that under the Basel III framework gold is treated as a tier-one asset, that central banks use reserves as collateral for lending, and that gold has recently surpassed the US dollar as the most-held reserve asset globally. Dr. Elliott points to gold and silver's lack of counterparty risk and describes the recent pullback, tied to the Iran conflict and oil-driven inflation, as a reason he views the metals as worth considering for diversification, while noting that any investment carries risk. He invites viewers to schedule a consultation with the KEPM team.