China wants custody of the world’s gold: great news for gold bulls, bad news for the US dollar

by Inside China Business [11-4-2025].

China's central bank is opening gold vaults in Hong Kong and in friendly countries, and is courting other central banks and major institutions to custody their gold holdings outside Europe and the United States.

This is another major push to de-dollarize the new BRICS economic system, outside Western regulations and threat of sanctions and seizures.

These moves are also bullish for gold prices, and bearish for USD and Euro. Countries that earn dollars and euro can sweep their holdings to new banking centers in Hong Kong, and buy gold.

China is the world's largest gold miner, and these efforts will further benefit Chinese mining companies.

Closing scenes, Qinghai.

Gold Production by Country Notice that the USA is in 5th place with China, Russia, Australia in top 3 by a wide margin.

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