China Is Secretly Buying Gold

[00:00:00]China is silently doing something due to which your mother is going to tell you in the next few years, I had already told you this because looking at the price of gold, I already feel that brother is not buying gold but a 1 BHK in Bandra, but then I read a recent report of JP Morgan and brother, they say that gold can go up to $0.000 per ounce by the end of 2026, which means another 40 to 45% up within 6 months and then I read the entire report and found the reason and guys guys China is acting very badly right now.

[00:00:31]Meaning the world is busy with the drama of AI, terrors, wars and stock market.

[00:00:36]And China is sitting in the corner collecting gold as if preparations are underway for some apocalypse.

[00:00:43]China imported 37 tonnes of gold in quarter one.

[00:00:47]317 tons. I think for three days before adding two things to my Amazon cart.

[00:00:52]These people are buying 317 tonnes of gold.

[00:00:56]And not only the people of China, the Central Bank of China is also buying gold in abundance.

[00:01:01]Because apparently they also feel that depending only on the dollar is risky. And looking at the condition of the world, what he says does not seem wrong. On one side there are wars, on the other side there are sensations, on the other side there is inflation and on top of that, every second week some country or the other wages war on some other country.

[00:01:18]So what did China and other countries do? Started buying gold.

[00:01:22]Like we buy ice cream during an emotional breakdown. Only his hobbies are a little more expensive. And listen to the most interesting thing. Official data showed that central banks bought only 16 tonnes of gold net in the first quarter.

[00:01:35]But JP Morgan is saying that no, we looked at the World Gold Council's estimates which are based on actual over the counter market data and Swiss refinery flows. And according to us the actual number is not 16 tonnes but around 244 tonnes.

[00:01:50]Meaning the demand is so high that people are not even able to agree on the demand numbers.

[00:01:54]And that's why JP Morgan is saying that gold can go to $000. And if this happens then gold in India can reach above $10000, a straight up 40 to 45% in just 6 months. So next time your mom says buy gold son, do n't ask her the reason, maybe she understands geopolitics better than you.

[00:02:15]And if you want such finance gossip every day then don't forget to follow otherwise you will have to read JP Morgan's report yourself.