China has sold off $663 billion worth of US Treasury bonds.
Currently, it only holds $659 billion—its lowest level since 2008.
On the other hand, China’s gold reserves have risen continuously for 17 months, reaching $303 billion—a new record.
The amount of gold it bought this year is nearly double the total amount purchased in all of 2025.
They are withdrawing from the system...
Content in the chart:
China shifting from US Treasury bonds to gold
(Total holdings as of Nov 2025: $683 billion)
Jun 2011: 29% (red line—share of US Treasury bond holdings)
Nov 2025: 7.3%
(purple line—gold reserve growth trend)
Physical gold, not $XAU $USDT $TRUMP
Currently, it only holds $659 billion—its lowest level since 2008.
On the other hand, China’s gold reserves have risen continuously for 17 months, reaching $303 billion—a new record.
The amount of gold it bought this year is nearly double the total amount purchased in all of 2025.
They are withdrawing from the system...
Content in the chart:
China shifting from US Treasury bonds to gold
(Total holdings as of Nov 2025: $683 billion)
Jun 2011: 29% (red line—share of US Treasury bond holdings)
Nov 2025: 7.3%
(purple line—gold reserve growth trend)
Physical gold, not $XAU $USDT $TRUMP