China Gold Market Update: Official Buying Accelerated In May
The People's Bank of China reported a 10t Gold purchase in May, the highest since December 2024, pushing total official #Gold holdings to 2,332t, 9% of total reserves.
https://t.co/EY5q9rnvkk
Another day of heavy selling as the uncertainty of War in the Middle East & blockades escalate.
Governments impacted by this chaos are selling #Gold for short-term lifelines to keep their countries afloat, and buying armaments to boost their defences.
Silver is going along for the ride because, well, #Silver does that (helped by Banksters who hate high prices anyway)
Only more chaos in the months ahead, when it settles empires will fall, and Gold, as has always been the case throughout history, will outlast everything.
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