De-Dollarization in Numbers: China has been quietly buying gold for years and why that matters
The gold rally gets explained the same way every time. Inflation fears. Nervous investors. Geopolitical tension. All true — but all missing the bigger story. Governments have been buying gold at a pace not seen since the 1950s. More than 40 central banks added to their reserves in 2025. China has been buying consistently for …
