China just made its biggest gold move since 2023.
Official PBOC data released Sep 7 shows China added 20.2 tonnes (650k oz) in August, largest monthly buy since Oct 2023.
This is 22nd straight month of buying, total reserves now 2,387 tonnes, record high worth $350B.
I checked World Gold Council data - China imported 1,141 tonnes in 2026 alone. Gold is now 10% of their forex, vs US 60%. They are clearly de-dollarizing.
My take: This is bullish for both gold and BTC. Central banks buying hard means fiat trust falling. What's your view?
$PAXG $XAUT
#Gold #China #earningseason
Official PBOC data released Sep 7 shows China added 20.2 tonnes (650k oz) in August, largest monthly buy since Oct 2023.
This is 22nd straight month of buying, total reserves now 2,387 tonnes, record high worth $350B.
I checked World Gold Council data - China imported 1,141 tonnes in 2026 alone. Gold is now 10% of their forex, vs US 60%. They are clearly de-dollarizing.
My take: This is bullish for both gold and BTC. Central banks buying hard means fiat trust falling. What's your view?
$PAXG $XAUT
#Gold #China #earningseason
