China's accumulation of roughly 27,000 tons of gold off the Shanghai Gold Exchange since ~2002, combined with yuan-to-gold redemption mechanisms, has effectively repaired the balance sheets of the Chinese people and offset their housing bust losses.
factualpending
Speaker
Matt SmithEvidence Quote
“there's been like 27,000 tons of gold that has been taken off the Shanghai gold exchange by ch the Chinese. So their balance sheets are rich. I mean up 50% this year.”
Source
Matt Smith: Gold, The Changing World Order & USA Strategic Investment in Critical Mineral— Palisades Gold RadioCreated: 6/18/2026, 1:57:53 PM
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