That is gold futures trading volume, not gold buying per se.

Not so long ago any gold futures trading was the equivalent of gold price suppression on X. But of course, not if China trades gold futures.

Anyway, yes China is buying a lot of gold which can be measured by…

Scientists in China have developed a 504-qubit quantum computing chip.

Big if true. #bitcoin

Via Pippa Malmgren

livescience.com/technology/com…

Still no inflows at all into #commodities ...
Willem Middelkoop Otavio (Tavi) Costa Mark J. Valek Brandon Beylo

Striking Iranian Gold Retailers Detained after Meeting with Officials

iranintl.com/en/202405137573

The World's Southernmost Active Volcano In Antarctica Spews Gold Dust

iflscience.com/the-worlds-sou…

Gold and Silver Outlook for Late Spring 2024 – Technical Analysis

By TraderStef

traderstef.com/2024/05/13/gol…

What a joke! But, this perfectly illustrates how much confidence there is in credit assets and where we are in the debt cycle. gainesvillecoins.com/blog/why-we-ar…

Inside the 21st Century Gold Rush

Geopolitical turbulence and economic worries have fueled an appetite for bars, coins and jewelry, especially from small investors

wsj.com/finance/commod…

Insure yourself. #gold

Do I have any followers that live in Thailand or Vietnam?

Silver's market cap: $1.598 T

companiesmarketcap.com/silver/marketc…

Major jewelry companies in Hanoi and Ho Chi Minh City have run out of gold bars Friday as prices of the precious repeatedly reach new historic peaks.

Looks like more and more Eastern countries are dropping price sensitivity for gold.

e.vnexpress.net/news/markets/g…

If you don’t believe in the subjective theory but I do, that reaffirms the subjective theory of value exists.

EBU RELEASE THE FOOTAGE

Bloomberg didn’t count “unreported buying” by the PBoC, nor Chinese private hoarding in recent years. gainesvillecoins.com/blog/estimated…

OPEC raised the (dollar) price of oil because the US devalued the dollar. #fairenough

Gold miners make a relative high value world index. I look at the 53 names in the GDX ETF bytetree.com/research/2024/… #gold #GDX Jan Nieuwenhuijs

SGE Withdrawals (Chinese wholesale demand) holding strong while gold price goes up.

The first biannual payout is expected in July, with 90% for Kyiv's military and the rest used for reconstruction. on.ft.com/4abnxFl