China has deeper roots than it shows
China continues to accumulate gold in large quantities, but official reports show a different picture
In 2025, China’s total reported (by PBoC) gold purchases reached +27 tonnes.
Considering that China officially reports just 10% of its actual purchase, this suggests that China actually acquired around +270 tonnes of physical gold in 2025, as per GS
Is China preparing (stockpiling gold) for an upcoming major crisis??
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