My expectations are being fully confirmed as Chinese gold trading activity and prices both surge—and now even Bloomberg has taken notice with a fascinating article on what’s unfolding.
Hi Jesse, I really LOVE your reports! Thank you so much for all the hard work you obviously do to write your amazing article s! Very best wishes, Richard 👍
It is the Central Banks that are buying. Retail is still non existent.
Since 1.1.2023, all CBs but especially China have been buying Gold and dumping USD; this ties in with Gold under BIS being a Tier 1 asset. Compliance (T+1) by July 2025. This is why there has been a scramble for physical Gold, as the paper casino Gold collapses.
This will spill over into Little Sis Silver, but Silver is a tiny market cap compared to Big Brother Gold and CBs don't buy Silver or Mining Stocks. Yet!
dat is een kwestie van tijd in Nederland hebben wij als volk van vrijheidslievende de spreuk: "Luctor et Emergo" (ontworstel en ontzwem). Alles wat onderdrukt wordt heeft de kracht in zich te ontworstelen, wat op een zeker moment ook gaat gebeuren. Geen twijfel mogelijk!
Whilst Gold is the only Tier 1 precious metal asset, it looks as if Central Banks are now starting to look at Silver as a potential reserve asset:
Russia set to boost silver reserves in major precious metal strategy shift.
Other BRICS countries are also buying silver: China's now buying silver directly from South America. India has imported 850M oz of silver over the last couple of years.
The LBMA: 8.1% of the entire silver float was delivered off the exchange in the month of August 2024 for instance.
Silver price management is allowing the draining off the Western exchanges.
I necessarily don't see poor people driving it, but the country has many wealthy and middle class investors, investment funds, and corporations that have the potential to accumulate a lot more gold.
Hi Jesse, I really LOVE your reports! Thank you so much for all the hard work you obviously do to write your amazing article s! Very best wishes, Richard 👍
Thank you! Much more to come :)
It is the Central Banks that are buying. Retail is still non existent.
Since 1.1.2023, all CBs but especially China have been buying Gold and dumping USD; this ties in with Gold under BIS being a Tier 1 asset. Compliance (T+1) by July 2025. This is why there has been a scramble for physical Gold, as the paper casino Gold collapses.
This will spill over into Little Sis Silver, but Silver is a tiny market cap compared to Big Brother Gold and CBs don't buy Silver or Mining Stocks. Yet!
Charlie.
Lowercosta.com
So you think they will start buying silver?
I hope they wake up and realize how undervalued silver is relative to gold!
dat is een kwestie van tijd in Nederland hebben wij als volk van vrijheidslievende de spreuk: "Luctor et Emergo" (ontworstel en ontzwem). Alles wat onderdrukt wordt heeft de kracht in zich te ontworstelen, wat op een zeker moment ook gaat gebeuren. Geen twijfel mogelijk!
Whilst Gold is the only Tier 1 precious metal asset, it looks as if Central Banks are now starting to look at Silver as a potential reserve asset:
Russia set to boost silver reserves in major precious metal strategy shift.
Other BRICS countries are also buying silver: China's now buying silver directly from South America. India has imported 850M oz of silver over the last couple of years.
The LBMA: 8.1% of the entire silver float was delivered off the exchange in the month of August 2024 for instance.
Silver price management is allowing the draining off the Western exchanges.
Russia is stock piling silver
Are you saying retail is non-existent in China or in the West?
I know they have been avid physical buyers in China.
In the West.
Physical PM buyers in India, Russia and especially China.
this is great, but i'm really more interested in the CENTRAL BANKS
buying endless tons of gold. the central banks run the world. and
the hordes of chinese peasants can't afford gold.
Yes, I discussed China's central bank buying two days ago:
https://thebubblebubble.substack.com/p/the-chinese-gold-mania-is-here
I necessarily don't see poor people driving it, but the country has many wealthy and middle class investors, investment funds, and corporations that have the potential to accumulate a lot more gold.
Chinese: cant buy crypto, property has gone to shit and so have stocks. There are 1.4 bn of them. Go figure.
Are Shanghai and US markets correlated in gold? I.e., does a buying frenzy in China drag the market up in the US?
Your reports are always so educational thank you