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Jan Nieuwenhuijs: China's gold reserves going through the roof
By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Wednesday, April 3, 2025
The People’s Bank of China continues to buy unprecedented amounts of gold as the global financial is deleveraging -- that is, investors exchange credit assets for gold.
In 2024 the Chinese central bank covertly bought 570 tonnes, encouraging gold's ascent in global international reserves by 4%, the largest gain in four decades.
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This article is an analysis of formal and informal sources that indicate the PBoC is sitting on more than 5,000 tonnes of monetary gold located in Beijing -- more than twice what has been publicly admitted.
Legacy media outlets routinely withhold crucial information from investors by principally reporting on official data on gold purchases by monetary authorities. In reality, the Chinese central bank is buying many multiples of what it is officially disclosing, and investors should take note.
Combine large purchases by the PBoC and other central banks with initiatives in the East to settle trade through non-dollar ventures like mBridge and possibly gold stablecoins, and we should expect the international monetary system to continue shifting toward gold -- especially given today's excessive debt levels, geopolitical tensions, and trade wars. ...
... For the remainder of the analysis:
https://www.moneymetals.com/news/2025/04/02/chinas-gold-reserves-going-through-the-roof-003956
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