China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar - SchiffGold.com - SchiffGold.com
China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar - SchiffGold.com - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
China bought gold for the sixth consecutive month, adding 160,000 ounces in September to bring official reserves to 2,264 tonnes. Beijing has now purchased 390,000 ounces since resuming declared buying in April — modest scale, but the timing matters. The 10-year Treasury yields 5.22%, up 26% year-over-year, while the US deficit hit $2 trillion in fiscal 2026. When your largest creditor stops rolling over debt and starts accumulating the asset with no counterparty risk, that is not diversification — it is exit planning.