@KobeissiLetter
China continues to quietly acquire gold:
China purchased +15 tonnes of gold in September, or ~10 times more than officially reported by the central bank, according to Goldman Sachs estimates.
Similarly, in April, estimated purchases reached +27 tonnes of gold, or 13 times more than officially reported.
Meanwhile, official numbers show China acquired another +0.9 tonnes in October, bringing official gold holdings to a record 2,304.5 tonnes.
Year-to-date, China’s reported gold purchases have reached +24 tonnes.
Assuming official purchases continue to be just 10% of what China is actually purchasing, this suggests China has acquired +240 tonnes of physical gold in 2025.
China's true gold reserves are far larger than disclosed.
noto teka
npub19q…n3yyk
2025-12-26 15:30:43 UTC
Author Public Key
npub19qagy9qxq59qhteqmm0mcs4dac2lg9aytam97rg6ercgajya0sdsun3yykSeen on
wss://nostr.momPublished at
2025-12-26 15:30:43 UTCEvent JSON
{
"id": "3c62a253a986249ca10d1730df957dcd498a75bd7435164b09026da9df24a4ee",
"pubkey": "283a821406050a0baf20dedfbc42adee15f417a45f765f0d1ac8f08ec89d7c1b",
"created_at": 1766763043,
"kind": 1,
"tags": [
[
"alt",
"A short note: @KobeissiLetter\n\nChina continues to quietly acquir..."
]
],
"content": "@KobeissiLetter\n\nChina continues to quietly acquire gold: \n\nChina purchased +15 tonnes of gold in September, or ~10 times more than officially reported by the central bank, according to Goldman Sachs estimates.\n\nSimilarly, in April, estimated purchases reached +27 tonnes of gold, or 13 times more than officially reported.\n\nMeanwhile, official numbers show China acquired another +0.9 tonnes in October, bringing official gold holdings to a record 2,304.5 tonnes.\n\nYear-to-date, China’s reported gold purchases have reached +24 tonnes.\n\nAssuming official purchases continue to be just 10% of what China is actually purchasing, this suggests China has acquired +240 tonnes of physical gold in 2025.\n\nChina's true gold reserves are far larger than disclosed.",
"sig": "71844adf2aac4c58aca4e23e8d4b1494852f203706b157388694d8bf83aeec4bc241d25c0decf0eb8f32fafc06be3bfc0d8347677d54d650d521bdca0cf94422"
}