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Mike Maharrey: Could China's gold reserves surpass the U.S. in five years?
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, July 30, 2026
Could China's gold reserves surpass the United States’?
On the surface, this seems like a tall order, but analysts at BMO Capital say it could happen in the next five years given China's unreported gold buying.
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The U.S. officially holds just over 8,133 tonnes of gold in its reserves. However, we don't know for sure how much gold the U.S. really has because the government refuses to do a comprehensive audit.
The Chinese officially have 2,346 tonnes of gold. However, China likely holds significantly more gold than it publicly admits.
Last year Money Metals' researcher Jan Nieuwenhuijs parsed the data and determined that the Chinese central bank covertly bought 570 tonnes of gold in 2024.
The People's Bank of China reported only a 41-tonne increase in its gold reserves that year.
Mainstream analysts have finally started to catch on to this phenomenon. ...
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