#DanielNadem

China’s gold buying isn’t the headline. It’s the surface.

The real story is direction and design. Nearly $1B of Russian gold in a single month signals reserves far larger than reported, possibly approaching 5,000 tons. That scale is intentional, not defensive.

More importantly, China is building infrastructure around gold. The Shanghai Gold Exchange sets pricing and settlement on its terms. Belt and Road corridors extend those rails beyond the dollar. New payment systems turn gold into active trade collateral, not idle reserves.

This isn’t panic or hedging. It’s slow monetary engineering. These shifts happen quietly until systems go live