Huge Gold News From China! Gold & Silver Prices Are About to CHANGE FOREVER - Andy Schectman

Huge Gold News From China! Gold & Silver Prices Are About to CHANGE FOREVER - Andy Schectman

Goldman Sachs predicts that central banking and US interest rate cuts will cause gold to rally to a record next year. The company listed the metal among its top commodity trades for 2025 and said prices could extend gains during Donald Trump's presidency.
Since 2022, China has bought more than double the amount of gold purchased by other central banks. After a six-month break in November, the People's Bank of China began buying bullion again. Capital said gold now makes up about 5 percent of China's total reserves, less than the 9.3 percent of India's central bank. Capital and its economists believe the PBOC will allot more of its 3 trillion dollars in reserves to the yellow metal.
In his assessment, renowned expert and trader Andy Schectman underscores China's underreported gold reserves, suggesting substantial holdings by entities like the People's Liberation Army. As of mid-2024, Brics nations collectively held 5,700 tonnes of gold, representing 16% of global reserves. Over the past two decades, these reserves have grown threefold, reflecting an effort to reduce dependence on the dollar and bolster their own nations' financial stability.
Based on fundamentals, Andy Schectman notes China's steady annual gold production of 300-500 metric tons, none of which is exported, suggesting its true reserves far exceed official figures. Schectman sees a global race to quietly stockpile gold before revealing actual holdings.
While reflecting on the market, Schectman explains how bullion banks used post-Trump election euphoria to cover short positions, causing a brief drop in gold and silver prices. Gold prices went through the roof this year as central banks began to ease interest rates and demand for safe havens grew — but then Donald Trump was elected president.
According to Andy Schectman, Bitcoin and gold serve unique yet complementary roles. He describes Bitcoin as a speculative tool for wealth creation, while gold remains a time-tested store of value.
Concurrently, Schectman encourages reinvesting cryptocurrency profits into gold and silver, aligning with central banks' strategies of accumulating physical assets. According to BlackRock, the coming year will be driven by geopolitical fragmentation, competing trade blocks, and de-dollarization, and in order to navigate this new world successfully, investors will need to leverage diversifiers like gold and Bitcoin.
With Bitcoin expected to continue rising for the next 4+ years, until at least 2028, and gold benefiting from inflationary pressures and global uncertainties, the stage is set for substantial opportunities in both markets.
Moving forward, Schectman further highlights proposals like gold revaluation to stabilize financial systems, envisioning a future where gold anchors a new monetary order and Bitcoin plays a strategic asset role.

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