For years, investors have looked at China’s gold production, its central bank buys, and scratched their heads.
The Chinese have infamously refrained from making significant changes to its gold holding reports.
While its central bank continues to keep mum, private research sources suggest total gold supplies in China are soaring:
During the global inflation era unleashed by pandemic spending, China began aggressively selling U.S. Treasurys and buying gold. (Source: Steno Research)
The people’s party appears to be constructing a 21st century Great Wall: Built out of gold, and less susceptible to losses than a fiat currency like the U.S. dollar.
Some historic irony, here.
China invented paper currencies in the Tang Dynasty in the 7th Century. Known then by the Mandarin characters that mean “flying cash,” the currency, like all paper money, lost its value.
Today, as the rest of the world goes all-in on fiat, and begins to digitize the dollar, China’s rediscovery of gold as an asset suggests that gold’s run isn’t over… yet.
~ Addison
P.S. This week on Grey Swan Live! we’re planning a special two-fer for you. On Thursday, October 23, 2025 at 2 p.m. ET we’re going to do a run down of all the historical records this terrifying bull market has already hit — including retail investor buy-in, record margin debt and capital concentration at the top of the S&P 500.
We’re going to lay out in simple terms the AI crash scenario. Mostly, so you’re aware of what’s at stake, where we are in the mania and exactly what we expect to happen.
As Andrew Ross Sorkin, author of Too Big To Fail, said this week while promoting his new book “1929,” if we’re all in agreement this is a bubble in AI stocks, the trick is to “know when to get on [and more importantly] get off, the wave.”
Then, on Friday, October 24, 2025 at 2 p.m. ET, we’re going to do a comprehensive asset allocation and model portfolio review for paid-up annual members of the Grey Swan Investment Fraternity.
During the review session on Friday, we’ll be giving you access to an exclusive Plunge Protection Plan (for annual members only) including ways you can protect your money against a stock market correction and a few aggressive ways you can make money like the pros when the stock market goes down.
We’ll be providing more details throughout the week. But for now mark your calendar for these two dates:
- Thursday, October 23, 2025 @ 2 p.m. ET — comprehensive overview of the “terrifying bull market.”
- Friday, October 24, 2025 @ 2 p.m. ET — a comprehensive review of the Grey Swan asset allocation strategy and model portfolio. (For paid up annual members only)
The time to prepare for a market correction is before it happens, not while or after. If you wait to long, the the exits will get crowded in a hurry… and you don’t want to be worrying about your money if and when that happens.
If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.
