China Leading “Voracious” Gold Buying Spree!

Heads up folks!

I’ve been all over this story and I’ll continue to warn as much as I can.

Because the writing is splattered all over the wall, and you really don’t want to be the last one holding (worthless or certainly worth “less”) US Dollars when the music stops.

Or Yuan.

China knows and so do all the big Central Banks.

Do you?

Let me fill you in….

And then keep reading for a great way I can help you stay SAFE and PROTECTED.

New reports out today reveal China has been secretly going on a “voracious” gold buying spree:

China is leading a 'voracious' gold-buying spree as central banks try to shrink dollar reserves https://t.co/MQtUkKz1cT

— Jan Nieuwenhuijs (@JanGold_) November 2, 2023

China leads record central bank gold buying in first nine months of year https://t.co/FKrkbFjd8G

— Financial Times (@FT) October 31, 2023

Business Insider reports it’s not China alone….but MOST big central banks are doing it:

Central banks around the world are on a gold-buying spree, and China is outpacing them all.

The bullion binge comes as part of a broad effort this year of countries trying to diversify reserves away from the dollar, as well as attempts by some nations to de-dollarize trade relationships by conducting transactions in local currencies.

“With central bank demand resuming its voracious pace after a slower Q2, we expect the annual total to approach last year’s record, and there’s an outside possibility it will exceed that figure,” the World Gold Council wrote in its third-quarter report on the market for the precious metal.

According to the Council, central banks have bought 800 tonnes of gold so far this year, up 14% from last year at this point. A whopping 181 tonnes out of that total comes from China alone. The country’s central bank holds a total of 2,192 tonnes.

The total amount purchased by central banks last quarter is the highest in 2023 amid an already booming year for gold buying.

Demand for the yellow metal has been rising as central banks attempt to diversify their reserves away from the US dollar. This trend, along with some countries trying to de-dollarize their trade relationships, has resulted in a broad push away from the greenback in 2023.

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Since the US leveraged the strength of the dollar to slam Russia with sanctions, lock its banks out of the SWIFT system, and freeze billions in foreign reserves after the country invaded Ukraine, many countries have taken notice and tried to shift their economies away from reliance on the US currency.

Robert Kiyosaki (The Rich Dad) knows too….

Listen to his warning, he hits the nail on the head:

CHINA SHIFTING TO GOLD pic.twitter.com/rL4GofCQk2

— The Sacred Blue Tent (@SabrinaGal182) November 2, 2023

And here:

China shifting Yuan to gold pic.twitter.com/YeCW4Akvw0

— 🇺🇸Protective Mama Bear🇺🇸 (@KimberlyRae45) November 2, 2023

It’s Singapore too!

Singapore Central Bank “Can’t Stop Buying Gold”

I always say, watch what the Big Boys are DOING….not what they’re SAYING.

And the biggest of the big are the “Central Banks”.

Notice I didn’t say good or honorable, I just said big.

So when the Central Banks all start doing something, I generally tend to think I am just going to tag along with them!

What you do is up to you, but here’s the latest breaking news out of Singapore — quote: “Singapore Central Bank can’t stop buying gold — boosts it’s gold reserves by 49% this year alone!

Singapore's central bank (MAS) can't stop buying gold.

MAS added another 1.6 tonnes of gold to Singapore's national reserves during September, and now holds 229 tonnes of gold.

Singapore has bought a whopping 75 tonnes of gold so far this year, boosting its gold reserves by… pic.twitter.com/BXJCthCjx1

— BullionStar (@BullionStar) October 2, 2023

Singapore’s central bank (MAS) can’t stop buying gold.

MAS added another 1.6 tonnes of gold to Singapore’s national reserves during September, and now holds 229 tonnes of gold.

Singapore has bought a whopping 75 tonnes of gold so far this year, boosting its gold reserves by 49%.

ZeroHedge had a great write up on it, here is a small portion:

The CNA documentary team also obtained access to the secret gold vault of the Monetary Authority of Singapore (MAS), Singapore’s central bank, where more than half of Singapore’s official gold reserves appear to be stored. This is the first time ever that Singapore’s gold reserves have been filmed inside the MAS central bank gold vault.

Singapore’s central bank holds 225.4 tonnes of gold, making it the 24th largest sovereign gold holder in the world. Up until March 2021, MAS held 127.4 tonnes of gold, and had not bought gold for many years.

But then Singapore’s central bank went on a gold buying spree, buying 26.4 tonnes of gold bars between April and May 2021 (see here), and then adding another 73.6 tonnes of gold bars between January and July 2023. See here.

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In total, that was 100 tonnes of gold added to Singapore’s gold reserves over just 2 years, which in percentage terms was a massive 77% increase compared to early 2021.

In fact, the rate of gold accumulation by Singapore’s central bank during early 2023 was so intense that MAS earned the distinction of being the world’s largest central gold buyer in Q1 2023, during which it bought 68.7 tonnes of gold.

While Singapore’s gold reserves have a market value of approximately SGD 18.8 billion, this represents less than 5% of MAS’s total reserve assets, which in total are worth about SGD 400 billion. The rest of the reserve assets of Singapore’s central bank, which consist of holdings of securities (bonds and stocks) and foreign currencies, are also, along with the 225.4 tonnes of gold, managed by the Monetary Authority of Singapore.

Got Gold?

Want to see inside those vaults?

Brand new video was just released, you can watch here:

Folks….there’s a reason I keep warning you about this!

Here’s more:

“Once the public wakes up and sees that Gold and Silver are SCARCE, that’s when the circuit breakers go in and price skyrockets”

I’ve been telling you for a long time now that Gold and Silver are vastly undervalued.

I’m not a financial advisor and I can’t tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless….it’s being manipulated.

Now who would want to do that?

And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

I’ve you’ve been paying attention in life, you know the answer.

You know these crooks on Wall Street manipulate things down, ⭐️ then they load their boats, then they manipulate them up into a bubble.

Where are we in that process right now for commodities like Gold and Silver?

Right exactly where I placed that star up above.

⭐️ = You Are Here

The Big Boys are loading their boats.

But that’s not just my opinion.

I’m a nobody.

Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

Here’s my rough paraphrase:

“A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)…these countries are not complaining about suppressed low prices yet because they’re accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these “make believe prices” then the public says “OMG, what have we been missing?”  And maybe that all happens in concert with a breakdown of the banking system, then the public says “give it to me now” and that’s when you’ll see the circuit breakers be put into affect.  But at that point it’s too late.”

Oh my!

It’s so much better to listen to him explain it in his own words.

It’s just 2 minutes long.

Watch here (as presented by my friend the Digital Asset Investor):

Comex 589 pic.twitter.com/uPzrOGXhZ5

— Digital Asset Investor (@digitalassetbuy) September 11, 2023

But it’s not just Andy either.

It’s this latest interview over at SGT Report.

Sean does such a great job over there of interviewing people on topics the MSM doesn’t want you to see, and his latest is called “$1,000 Silver — Seriously, Stop Laughing”.

There’s actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

Watch here:

I’ve been sounding the alarm for a while now…

Have you taken action?

As always, there’s one thing I always say and it’s never been proven wrong:  Watch what they DO, not what they SAY.

Who is “they”?

The same people Andy Schectman was talking about.

Big Governments.

Central Banks all over the world.

Big Business.

What are they doing?

They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they’re laughing all the way to the bank because they’re buying at what Andy says are “make believe prices”.

Are you?

After the Great Financial Crash of 2008, I made a decision.

From that point forward, I would simply do what the Big Boys were doing.

I would simply watch what they’re doing and copy it.

Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

So that’s been my strategy since 2008 and it’s worked very well for me.

Here’s more….

Here’s Why Banks Are Buying Up All of the Gold

I’ve got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

And it’s not just some academic debate.

This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half….or worse.

These guys know what they’re talking about and this short 8 minute clip is definitely worth your time to watch.

I always say this: don’t listen to what the “Elites” tell you….watch what they are DOING.

And what are they doing?

Stacking gold and silver.

As much as they can get their hands on.

Look, I hope I’m wrong but I think we’re in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

So what happens to YOU when that happens?

Watch this and then scroll down for how I can help you stay safe right now….

Watch:

So, what can YOU do to protect yourself?

To protect your family?

To stay safe?

Simple: you need to get some #Gold or #Silver in your own possession.

It’s called “physical” gold and silver.

Not paper traded garbage on the stock exchanges that isn’t backed by anything.

Don’t touch that stuff.

I have two special hook-ups for you.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own “physical” gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they’re not actually backed by the gold and silver they claim to represent.

It’s a massive game of musical chairs out there and when the music stops (and I think it will stop soon…) people who only own paper might find themselves owning something not worth the paper it’s literally written on.

And I know you’ll never forget it if I give you this GIF so….Let’s Get Physical:

Now…WHERE do you get physical gold and silver and how do you know it’s real and safe?