CN · Rank #6China gold reserves.
Holdings, flows, and spot value over time
Gold Holdings (Tonnes)
Reserve Value (USD Billions)
Annual Net Purchases / Sales (Tonnes)
Gold as % of Foreign Reserves
Geopolitical backdrop
China aggressively accumulates gold to reduce exposure to US sanctions, support de-dollarization within BRICS, and diversify reserves away from US Treasuries amid escalating geopolitical tensions.[1][2][4] Gold serves as a sanctions-proof asset and foundation for alternative payment systems in a fragmenting financial world.[1]
Gold backing analysis
A rough measure of how much of the country's M1 money supply the market value of its gold could cover. Higher ratio ⇒ stronger implicit gold backing. Ratio is low vs peers — room for additional gold accumulation.
Compare with similar countries
Countries in the same region or a roughly comparable size of reserves.
Indicators that pair with central bank flows
Was the market fearful or greedy while China was buying? Central banks accumulate in fear — the opposite of retail.
Central banks buy gold, not silver. Track the ratio between the two and see when a swap is statistically favoured.
What gold, silver, and miners have historically done when macro rules (HY spreads, curves, housing) fire.