by Jon Forrest Little, Silver Seek:
China Plans, USA Reacts
While the United States is preoccupied with distractions—be it the latest Netflix fight, celebrity gossip, or political squabbles—China is methodically executing a long-term strategy to bolster its gold reserves. This deliberate approach is evident in several key initiatives: the establishment of the Shanghai Gold Exchange (SGE) in 2002 to facilitate gold trade, restrictions on domestic gold production exports, and a focus on importing gold and dore from abroad. The SGE’s premium on gold has driven significant market activity, resulting in a 30% increase in spot prices by 2024 as demand flows eastward.