China isn’t just a near-term competitor to the United States in the AI race.
China puts the ‘C’ in BRICS. A leading group of countries uniting to avoid dependence on the U.S. dollar – as well as the U.S.-backed SWIFT payments system.
It’s no surprise that China has been stockpiling gold. What is surprising? The current rate at which they are:
After years of speculation, China is being more transparent about the size of its gold holdings
(Source: Steno Research)
Gold holdings are soaring in China, and China’s central bank is one of many that continue to accumulate the metal, regardless of its dollar price.
In overnight trading, the Shanghai market drove gold over $3,600. Gold has more than doubled in three years.
All things remaining equal, the gold trend higher is just getting started.
~ Addison
P.S. from gold to crypto: Grey Swan Live! returns this afternoon at 2 p.m. ET with Ian King.
Ian’s hot on an upcoming event that he forecasts will trigger a new crypto boom, sending the market cap of the space to $8.5 trillion by 2030.
We’ll be looking at his latest moves in the cryptocurrency market – including the rise of Ethereum as the rally in bitcoin takes a pause. What’s it all mean? And where do we stand regarding President Trump’s plans for a Strategic Bitcoin Reserve?
All that and more. Ian will also cover his list of the top token opportunities in the cryptocurrency space as this asset class continues to push higher and gain regulatory guidance.
Remember the new time!
Grey Swan Live! with Ian King will begin at 2 p.m. ET/11 a.m. PT today.
If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.
