The Central Bank Gold Stampede

Details Enclosed [The Daily Reckoning] April 30, 2024 [UNSUBSCRIBE]( Editor’s Note: At The Daily Reckoning we’re always looking out for special opportunities we believe you, as a valued subscriber, will want to see. Below you’ll find one from our partners at Katusa Research. Please note that their opinions may differ from ours. The Central Bank Gold Stampede Dear Reader, The mainstream media has no clue as to why the gold market is surging… But I do. Over the last few months, I’ve gotten multiple calls from high net worth investors (HNWI) and funds in the Eastern markets - all wanting to buy large quantities of PHYSICAL GOLD. I’m talking 8 figures in dollar amounts, per week, directly from mines. While your average retail investor is hesitant to jump on the gold bull bandwagon, the tide is turning… by those with DEEP pockets. Hedge Fund Gold Appetite Investment managers and hedge funds are really going all in on gold, pushing their positive bets to the highest level in four years. In early April, hedge fund investments in U.S. gold futures and options went up by 13%, the highest since 2020. Emerging markets and central banks are leading the charge, favoring physical gold over digital assets, signaling a massive shift. China has quietly accumulated large quantities of gold for 17 straight months – to the tune of 72.7 MILLION ounces (about 2,250 tons) China's economic strategy involves diversifying away from the US dollar, which dominates global trade and commodity pricing. Despite its rise as an economic power, China's vast reserves are predominantly in US dollars, an exposure it aims to minimize. To reduce this reliance, the People's Bank of China is diversifying by increasing its gold holdings. Since 2011, China has decreased its dollar reserves by a third, down to approximately $800 billion. Meanwhile China’s gold reserves have skyrocketed. Even individual investors are buying up ETF’s in China at an alarming rate. - In fact, on April 8th 2024, there was SO MUCH demand in the Chines gold ETF that it pushed premiums to 30%, and regulators had to halt trading! But that’s not all… China’s Youth Revolution: Gen Z is Buying Up Gold BEADS This next bit is stunning… Young folks in China are all about gold beads these days. Using them as a cool way to stash their cash amidst shaky economic times. These little nuggets are a big hit as a safe saving option, especially when other investment choices look a bit risky. It's not just about the money; gold beads are also a fashion statement among the younger crowd. In fact, gold is so popular right now that sales are booming, making it a hot commodity in China. And "gold beads" is one of the most searched items in that demographic on Weibo (the Chinese version of X). A whole new generation is waking up to gold in China. So you have… Major high net worth (HNW) investors and funds buying up physical gold from China… The Chinese Central Bank accumulating mammoth amounts… And a whole new generation – among the largest demographics in the world – waking up to a brand-new investment thesis. It’s All Leading to One Thing I hope you’re ready to find out what can happen in a major gold breakout. As of right now, gold stocks have not caught up to the physical demand — and that’s the next stage of the cycle. You’re about to see how crazy precious metals stocks can go in a gold bull market, when even just a small amount of capital starts pouring. [That’s why I prepared an urgent gold market briefing for you to view right now.]( Regards, Marin Katusa Chairman, Katusa Research [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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