What is happening in China?

Gold trading volume in China is now 400% LARGER than the average seen in 2023.

The trading activity in gold on the Shanghai Futures Exchange spiked to 1.3 MILLION lots on the peak day of trading last week.

This came at the same time that gold prices broke above a record $2,400/oz.

Last year alone, China's central bank acquired more than 225 tonnes gold.

Since October, gold is nearly 30% posting one of its best 6-month performances in history.

Why is there so much gold buying in China?

Central banks are STOCKING UP on gold:

In 2022 & 2023, central banks bought 1081 and 1037 tonnes of gold, respectively.

Prior to 2022, there was never a year with 1,000+ tonnes of central bank gold purchases.