Arguably China grossly under reports their holdings. I heard from some analysts like the Silver Academy that China has been buying gold under the radar as unrefined dore bars and thus avoid reporting their gold flows and refined to their own gold standards. Meanwhile, I'll be banking on silver to make center stage performance in 2026. My next DCA buy can't come soon enough.
!PIMP
I’ve read some articles sent to me by friends in the financial industry about China and their shady gold purchases and how they beat the system with them. One of the guys stated that China mostly likely has double the amount of gold reported to LBMA. Not only that they are sitting on their own gold which they are in no hurry to mine. Which puts them in a semi monopoly in the gold market.
Chinese think for long term, literally generational.
I wonder how many Canadian gold mines do they own or have control of.