China’s Gold Hoard

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:

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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.com.

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:

Turn Your Images On

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.

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.com.

But Green is describing more than just a new calculation. He’s talking about a new form of misery.’ It’s a poverty where you may still have most of the accoutrements of middle-class life. But your relationship with the financial elite has changed: you are indentured to the credit industry — for life.

Historically, when the Fed has cut into inflation above 3%, one of two outcomes tends to follow:

A brief reprieve, followed by a larger inflation wave (see: 1970s).

A crisis born from cheap money rather than expensive money (see: housing in the 2000s).

We are heading into another round of cuts with:

• A still-bloated balance sheet

• A new digital plumbing that auto-funds the Treasury

• Hard-asset markets flashing warning lights

Paul Tudor Jones summed it up in one dry quip: interest expense is now one of Washington’s largest bills; commodities are “ridiculously under-owned”; and “all roads lead to inflation.”

The Fed’s flip from QT to easing doesn’t end this inflation episode. It likely begins its next season.

The question investors should ask themselves isn’t whether this trend is sustainable – it isn’t.

Instead, they should ask if the $2 trillion increase in Google’s market cap has sucked capital away from other promising parts of the market – and if so, where investors can expect a rally when Google reverses.

Long have we dwelt on the corrupting influence of funny money on capital asset prices and on the economy. Everything gets distorted, perverse…and false. We get high prices. We get low prices. What we don’t get are honest prices.

Yesterday, we looked at the ‘small time crooks’ — ripping off the public for a million or two.

Today, we move to the big fry.

You’ll recall that the money in question was never earned by anyone. No one has a genuine claim to it. And what kind of apple falls from this funny money tree? Just what you’d expect…a funny one…with the worms already in it.