Russia and China Gold Reserves
Updated March 2023
Central bankers across the globe have been on a massive Gold Buying Spree, led by none other than Russia and China. One must not underestimate the importance of these acquisitions, for they may very well have far-reaching implications in the US Superpower End Game.
It is a well-known fact that Putin, being an ex-KGB operative and an economist, is a master of strategy. His knowledge in judo, where one learns to use the opponent’s momentum to defeat them, is a testament to his ability to outmanoeuvre his adversaries. He and China know that the days of the US holding the top spot are numbered, as the US economy is in shambles and only appears to look strong due to the hot money propping it up. While the masses are under the illusion of a perfect economy, Russia and China are not.
As an advanced chess player, Putin plans several moves ahead, making it difficult for the West to anticipate his next move. When the Western media states that Russia’s reserves are falling, they neglect to mention that the reserves are in dollars. Russia and China are divesting themselves of worthless dollars and acquiring valuable Gold, using the strong dollar to buy it cheaply.
Therefore, we must watch the gold reserves of Russia and China, for they may very well shift the balance of power in the global financial landscape. Their actions should not be taken lightly, for they may hold the key to the US Superpower End Game.
Russia and China gold reserves Surging: Both on a Buying Spree.
The latest data released by the International Monetary Fund (IMF) regarding the state of global gold markets. The data reveals that for eight consecutive years, Russia and China have been among the biggest net buyers of Gold. Last year, these countries acquired almost 590 tons of Gold, constituting a remarkable 14% of annual global gold bullion demand. It is the mark of smart nations to take advantage of low prices and capitalize on this opportunity to load up on Gold while divesting from the dollar. These nations, including Russia and China, are aware that this economic illusion cannot last forever and are preparing themselves for the inevitable.
As the chart below demonstrates, Russia’s Gold reserves have seen a substantial surge in recent years. Putin is diligently planning for the day when the US is no longer the dominant power. When the dollar finally loses its lustre, the consequences will be dire. We must not underestimate the significance of these developments, as they may hold the key to the future of the global financial landscape.
Source: http://www.tradingeconomics.com
China’s Gold Purchases and the Possibility of Preparing for War
The People’s Bank of China (PBC) has increased its gold holdings for two consecutive months, with most analysts speculating that China holds significantly more than the reported 2,010 tons. The PBC’s gold purchases have been anonymous, which is the standard behaviour of central banks. During Q3 2022, central banks purchased a record 400 tons of gold, with total reported holdings being a record 36,745.8 tons. Most analysts speculate that Russia was one of the largest anonymous buyers, as Russia has been buying significant amounts of gold for years. Usgoldbureau.com
China has increased its gold imports from Russia, with purchases totalling 6.6 tons of Russian gold in 2022, worth a record US$386.9 million. However, Russia’s share in Chinese gold purchases remains small, with Switzerland being the leading supplier of gold to China. Russian gold exports began to fall under Western sanctions in mid-2022, with several countries banning the purchase, import, or transfer of gold originating in Russia and exported from the country. silkroadbriefing.com
China & Russia’s Gold Transactions: Preparing for War and Economic Uncertainty
China and Russia have been among the most significant net buyers of gold for years. The PBC has increased its gold holdings anonymously for two consecutive months, and most analysts speculate that China’s reported holdings are significantly less than what they actually hold. Russia has been buying significant amounts of gold for years and is believed to be one of the largest anonymous buyers. China has also increased its gold imports from Russia, though Russia’s share in Chinese gold purchases remains small. Russian gold exports began to fall under Western sanctions in mid-2022, with several countries banning the purchase, import, or transfer of gold originating in Russia and exported from the government.
There is speculation that China may be buying so much gold to hide Russia’s transactions, as Russia does not want the world to know that it is moving out of the dollar due to the war in Ukraine. China’s behaviour is similar to Russia’s before the invasion of Ukraine, where Russia de-dollarized its economy and stockpiled gold and Chinese Yuan. China is also negotiating trade agreements outside the dollar and may be preparing for war to annex Taiwan. Both Russia and China are committed to overthrowing the dollar’s international hegemony and creating a commodity-backed currency for international trade.
Russia China Gobbling up Gold
These articles illustrate how both China and Russia are buying up gold:
- “China’s gold imports surge as it stockpiles bullion amid trade war” (South China Morning Post) Link: https://www.scmp.com/economy/china-economy/article/2180526/chinas-gold-imports-surge-it-stockpiles-bullion-amid-trade
- “Russia’s gold reserves rise to $455 billion” (CNN Business) Link: https://www.cnn.com/2022/01/10/investing/russia-gold-reserves/index.html
- “China and Russia are stockpiling gold” (MarketWatch) Link: https://www.marketwatch.com/story/china-and-russia-are-stockpiling-gold-2019-05-22
- “Russia and China are stockpiling gold as a hedge against a possible crisis” (CNBC) Link: https://www.cnbc.com/2019/03/01/russia-and-china-are-stockpiling-gold-as-a-hedge-against-a-possible-crisis.html
- “China quietly builds its gold reserves as trade war with US heats up” (The Guardian) Link: https://www.theguardian.com/business/2019/jul/24/china-quietly-builds-its-gold-reserves-as-trade-war-with-us-heats-up
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