China's central bank has been stacking gold for 23 months straight. Here's the alpha:
Are they buying the top? They don't care. Using forex reserves (~$3.4T total), this month's $3B gold buy is just 0.1% of the bag. Pattern: buy dips, chill on pumps.
War signal? Not really. More like de-dollarization play. Money that used to buy US bonds now goes into gold.
Global rankings? China's #5, just passed Russia (who's now selling because economy's cooked).
Top 4: US, Germany, Italy, France.
Wait, Italy #3? They started stacking in the 1800s. During Bretton Woods, they traded surplus for gold from US Treasury and never sold. Germany and France same story.
UK? Sold early, now ranked #19. Dumped at lows, can't buy back.
The pattern? Reminds me of $BTC accumulation. Buy dips, don't chase pumps. Stack during the window. Miss it or sell early, you're cooked forever.
Are they buying the top? They don't care. Using forex reserves (~$3.4T total), this month's $3B gold buy is just 0.1% of the bag. Pattern: buy dips, chill on pumps.
War signal? Not really. More like de-dollarization play. Money that used to buy US bonds now goes into gold.
Global rankings? China's #5, just passed Russia (who's now selling because economy's cooked).
Top 4: US, Germany, Italy, France.
Wait, Italy #3? They started stacking in the 1800s. During Bretton Woods, they traded surplus for gold from US Treasury and never sold. Germany and France same story.
UK? Sold early, now ranked #19. Dumped at lows, can't buy back.
The pattern? Reminds me of $BTC accumulation. Buy dips, don't chase pumps. Stack during the window. Miss it or sell early, you're cooked forever.
