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"People's Bank of China Started Crazy Gold Bull Market"
Paul Buitink talks to independent gold analyst Jan Nieuwenhuijs about the true gold flows to China. Jan has done extensive research over the years looking at customs data amongst others to come to more realistic numbers of what the People's Bank of China owns.Jan and Paul dive into his numbers, charts and methods. Jan explains why China values gold so much and how in a post-dollar world China would like to see the Renmibi as a trade currency with gold as the ultimate reserve asset. He also goes into detail about how the Shanghai Gold Exchange works.Follow Jan here:https://x.com/JanGold_https://www.moneymetals.com/authors/jan-nieuwenhuijsFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro2:23 China's history with gold4:21 Weaponisation of the dollar, PBOC buying exploded8:05 True Chinese gold flows through the Shangai Gold Exchange explained17:26 Why are the Chinese secretive about their gold purchases19:33 Why is China still leaving a trail26:36 China's gold compared to the US29:20 Cambodia storing in China, Western countries next?33:21 Countries repatriating gold35:19 A new informal gold standard coming42:00 Outro
Published on 4 days, 5 hours ago