China increased its gold reserves, signaling strong demand from central banks.

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China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks

China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks.

China raised its gold holdings by about 16 tons in May, according to data from the People’s Bank of China on Wednesday. Total stockpiles now sit at about 2,092 tons, after adding a total of 144 tons from November through last month.

And as 2022 reminds, that weaponized USD led to Uncle Sam’s worst fears coming foreseeably true as the world dumped USTs at the same time central banks made historically unprecedented purchases of gold

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Source: https://kingworldnews.com/the-final-move-for-gold-plus-travel-booming-and-the-bank-credit-crunch-has-just-begun/

The final and 3rd gold bull move since Nixon closed the gold window is upon us. Where are we heading?

 

Source: https://kingworldnews.com/the-final-move-for-gold-plus-travel-booming-and-the-bank-credit-crunch-has-just-begun/

h/t BoatSurfer600