🥇 The Golden Rule of Negotiations and Success: He who has the gold makes the rules. — Trump
Meanwhile, gold prices have soared to a record $3,370 per ounce. Since 2020, the metal has doubled in value.
China isn’t slowing down: in March alone, its Central Bank purchased another 5 tons of gold — marking the fifth consecutive monthly purchase. In total, the Middle Kingdom now holds 2,292 tons in reserves, accounting for 6.5% of its total holdings. Interestingly, according to Goldman Sachs, the actual volume of purchases may be significantly higher — in February, Beijing "officially" reported 5 tons, while in reality it bought 50.
Still, China has a long way to go to catch up with the U.S. — America remains the undisputed gold champion with around 8,000 tons stored in its vaults.
