EDITORIAL:

Governments and their Central Banks know that:

• U.S. Deficit spending is unsustainable.
• The deficit spending is destroying the value of the dollar as a reserve currency.
• A major economic reset is near.
• Hyperinflation will be the eventual result.
• Every reserve currency has eventually imploded.

So they are all building their gold reserves as quickly as possible. However, they are doing it VERY quietly and even secretly, as this article points out. If they did it any other way, they would quickly bid up the price of gold much faster even than it has been raising recently. This would impede their accumulation by increasing the price of gold to make it much less affordable.

China is the biggest example of doing this. They are woefully and deliberately underreporting their gold purchases and secretly accumulating large amounts of gold.

The result of these stealth economic tactics by governments and central banks is that those who plan their investing strategy based on what is actually REPORTED will be left out in the cold. They will be blindsided and caught completely off guard. This includes all those who give market advice and predictions about the price of gold. Most of them are completely out to lunch. If you listen to them, you will be left in the cold.

Add to the above:

1. A massive and unsustainable public debt.
2. Bond markets that no longer want to fund the debt.
3. Chinese selling off their $600B in U.S. treasuries.
4. Social Security melting down by 2033.
5. Massive rate of retirement for baby boomers that is ballooning entitlements. Entitlements are now 70% of the national budget, leaving little discretionary spending.
6. Overspending by governments (insufficient fiscal discipline).
7. Wars.
8. Economic instability brought on by unstable and fickle government policies.
9. Political volatility and distrust among countries because of economic warfare in the form of tariffs.
10. Deglobalization, where tarriffs are firewalling countries from each other.
11. The collapse of the welfare state and pensions worldwide because western countries have a low birth rate.
12. Problems with college graduates finding work because of automation and shift to AI.
13. The collapse of public confidence in government and traditional institutions because of the Internet and the loss of control over public opinion that it represents.
14. Inflation brought on by Keynesian economics and overspending by governments during the recent pandemic.

…and you have a recipe for a perfect storm that will cause precious metals and all tangible physical assets for that matter to explode as people abandon paper currency.

Everything is going digital. Even gold and silver coins, bars, jewelry—everything—is going to be tokenized on the blockchain chain through distributed ledger technology. They flip the switch to ISO20022 on the Nov. 21, 2025 we believe.

And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.
[Revelation 13:16-17]

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BEGIN ARTICLE

China’s Secret Gold Play Fuels Goldman’s $4,900 Target

Story by Stjepan Kalinic, BENZINGA, 11/19/25

SOURCE: https://www.msn.com/en-us/money/markets/china-s-secret-gold-play-fuels-goldman-s-4-900-target/ar-AA1QFacM?ocid=socialshare

Goldman Sachs expects a significant wave of central-bank gold purchases for November. The bank’s outlook anticipates a continued shift in reserve management as policymakers hedge against geopolitical and financial risks.

According to Reuters, Goldman’s latest estimates indicate 64 tons in September, a significant increase from the 21 tons projected for August. The estimate supports strong buying through year-end, as emerging-market central banks continue to purchase.

Yet, a large portion of these purchases is not publicly reported. The World Gold Council estimates that as little as one-third of global central bank buying is reported to the IMF. The number is down from roughly 90% only four years ago.

China’s Hidden Accumulation Strategy

China is a prime example of this trend. Official monthly disclosures show purchases of only 1.9 tons in August, 1.9 tons in July, and 2.2 tons in June. Yet few analysts believe these figures reflect actual buying.

Société Générale estimates that China could accumulate as much as 250 tons this year when measured through trade flows, making it responsible for more than one-third of global central-bank demand.

Jeff Currie, Carlyle’s chief strategy officer of energy pathways, said he doesn’t attempt to estimate China’s actual gold purchases. China’s strategy is designed to reveal as little as possible.

“Unlike oil, where you can track it with satellites, with gold you can’t. There’s just no way to know where this stuff goes and who is buying it,” he said for The Financial Times.

This opacity has forced traders to rely on indirect measures such as shipments of newly cast 400-ounce bars through London to Chinese refiners, as well as gaps between China’s production, imports, and commercial-bank inventory changes.

“It makes sense to just report the bare minimum, if need be, for fear of reprisal from the U.S. administration,” Nicky Shiels, analyst at Swiss refinery MKS Pamp, noted.

“Gold is seen as a pure USA hedge. In most emerging markets, it is in central banks’ interest not to fully disclose purchases.”

Market Impact And Price Outlook

The reluctance to report gold purchases also reflects a desire to avoid front-running in an increasingly illiquid physical market. The London Bullion Market Association used to have next-day settlement. Yet, this year it reported delivery timelines as long as eight weeks.

Thus, despite a stellar gold run in 2025, institutions are betting that the outperformance continues. With tight supply and sustained central bank buying, Goldman sees the yellow metal on track toward its $4,900 target for 2026.