šŸ”„China continues to quietly acquire gold through the London market

Gold is the most desired than ever

China bought 15 tonnes of gold in May, according to Goldman Sachs estimates, 8 times more than officially reported figures.

As you can see on the chart, over the past year, China's monthly purchases have oscillated between 25-60 tonnes.

Overall, Chinaā€™s gold reserves have more than doubled to 2,292 tonnes since 2012, putting it closer to Western European levels.

However, China's real (unofficial) holdings are likely way larger.

āš ļøCHART OF THE WEEK: China is diversifying its currency reserves out of the US Dollar

The trend accelerated in 2022

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-china-is-diversifying-its-currency-reserves-out-of-the-us-dollar

US stocks continue to underperform the rest of the world

Time for an asset class performance review as of the first half of 2025

globalmarketsinvestor.beehiiv.com/p/us-stocks-continue-to-underperform-the-rest-of-the-world

āš ļøPortfolio performance review as of June 2025

Assessment of my long-term investment portfolio as of June 2025

globalmarketsinvestor.beehiiv.com/p/portfolio-performance-review-as-of-june-2025

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