The global financial system appears to be in peril, which is prompting more and more countries to recall their gold reserves from countries like the United States and the United Kingdom.

The latest nation to claw back its gold from the West is Nigeria, which is reportedly repatriating 21 tons of gold amid ongoing economic concerns like runaway inflation and escalating geopolitical tensions.

In order to minimize the risk of major losses, Nigeria has decided that its gold is best stored domestically rather than in volatile places like the U.S. and the U.K. that appear to be getting dethroned by an emerging new world order.

"Economic indicators such as rising inflation, escalating debt levels, and geopolitical tensions have raised apprehensions among Nigerian policymakers about the stability of the U.S. financial system," reported The Star, quoting Nigerian officials.

This "strategic decision," to quote economist Fatima Abubakar, is one of many "proactive measures" that Nigeria is taking "to safeguard its wealth and strengthen its financial resilience."

"By bringing its gold reserves back within its borders, Nigeria not only asserts greater control over its financial assets but also demonstrates prudence in managing economic risks amidst global uncertainties," Nigerian officials further revealed.

Nobody trusts the West anymore

India is another country that recently decided to bring its gold home as well. Reports indicate that the world's most populous nation recalled 100 tons of its gold from vaults in the United Kingdom.

Increasingly, non-Western countries are questioning the legitimacy of the Western stranglehold over money in general. They are also figuring out the West's gold and dollar reserves scam, which is used as a foreign policy tool to control the world.

A 2023 survey conducted by the World Gold Council (WGC) found that a "substantial share" of central banks is anxious about what comes next for the world after the U.S. and other Western nations froze about half of Russia's $650 billion gold and FX holdings following the invasion of Ukraine.

About 68 percent of banks polled told the WGC that they intend to keep their gold holdings within their respective countries' borders moving forward. Back in 2020 before the Wuhan coronavirus (COVID-19) "pandemic," only about 45 percent of central banks wanted to hold their gold reserves domestically.