China’s 25,000 Ton Gold Stash: Preparing to Kill the Dollar? |

Jerusalem Post ^ | April 2025 | Craig Hrmke

[delta7]

China's massive, potentially undeclared, gold reserves could challenge the dollar's dominance, says expert Craig Hemke.

In a recent interview on The Deep Dive, prominent precious metals analyst Craig Hemke of TF Metals Report delved into the escalating US-China trade tensions and the intriguing possibility of China amassing a significantly larger gold reserve than officially reported.

Hemke, a respected voice in the precious metals market with over 15 years of experience, offered a compelling analysis suggesting that China's strategic accumulation of gold could be a key factor in a potential shift away from the US dollar's global dominance.

The interview, hosted by The Deep Dive, explored the broader economic implications of President Trump's tariff policies before honing in on the potential long-term strategies of China. Hemke, drawing on his deep understanding of market dynamics, addressed the rumors surrounding China's gold holdings, referencing the work of an analyst he knew years ago. "He studied the Chinese markets extensively, the gold market extensively, and concluded years ago that they probably had at least 25,000 metric tons of gold," Hemke revealed. This figure stands in stark contrast to China's official reports of around 2,000 tons, suggesting a potential ten-fold discrepancy.

Hemke posited that such a substantial, undeclared gold reserve could provide China with significant leverage in the global financial system. He speculated on the potential implications if China were to publicly announce its true gold holdings and even declare itself a buyer at a significantly higher price.

"Say they take some of their foreign dollar foreign currency reserves that are like you said mainly held in treasuries and say not only do we have 25,000 tons we are a buyer at whatever pick your number $5,000 an ounce $10,000 an ounce well how would that upset the you know change the uh global order?" Hemke questioned…….

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TOPICS:
KEYWORDS: ccp; china; floodthegoldmarket; gold; ntsa; thatllteachus; wouldkillgold

[Pontiac]

They are preparing to build the Tomb of Emperor Xi

[dennisw]

Approximately $358 billion
25,000 tons of gold is worth approximately $358 billion based on the current market price of gold.
CalculateMe.com

[delta7]

China may try an economic war but the Trump Team is ahead of them and has been very good at building a coalition to counteract China
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US is the one at economic war, weaponizing the USD, seizing sovereign wealth funds, etc…we can thank senile Joe for that. Let’s hope this “ coalition “ doesn’t have War on its mind.

I am beginning to wonder about President Trump, patience is needed.

[Larry Lucido]

Also classic pump and dump language:

“we are a buyer at whatever pick your number $5,000 an ounce $10,000 an ounce well how would that upset the you know change the uh global order?”

Nobody is going to offer two to four times market value for a commodity that has limited uses. But that might get people to speculate and pay over market themselves on the margin in hopes of making a future killing which will never happen.

[delta7]

25000 tons of gold would barely put a dent in our national debt.
———-
It will if Gold is revalued. $10,000, $15,000 plus? …..remember what Roosevelt did. After he confiscated Gold ( @ $20 ounce) he revalued it to $35 ounce, ……
talk about theft,…..nothing new about Gold revaluation.

Something will be done, our $37 trillion is mathematically impossible to pay off.

[rdcbn1]

The damage was done by Biden and the decision to take the dollar down was made long before Trump was elected.

Now Trump is using all the leverage he can muster to put the toothpaste Biden squeezed out onto the floor back in the tube

[delta7]

For China to challenge the dollar’s dominance it would have to demonstrate it has a stable economy
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Or a currency backed by Gold, presumably redeemable in Gold ( unlikely).

[Husker24]

We saw what Putins huge stash of gold was for.

[Bobbyvotes]

What I don’t like about my gold coins is they pay no interest.

[Uncle Miltie]

Cash money is a stupid investment.

Shiny metal is a stupid investment.

Real Estate is usually a stupid investment (it is good work, if you like the work).

Bonds are a stupid investment (on a good day, they merely keep up with inflation).

The *only* large liquid investment that has a very good chance of beating inflation over a long period of time is stocks. They are volatile. With risk comes return.

People dance around this issue with all sorts of misconceptions and polemics. But the only thing that really grows is people who go to work every day to make you money, by the millions, in a competitive environment. Which is literally the strength of America. That’s why no other country or economy ever comes close to matching us.

[Jim Noble]

“What I don’t like about my gold coins is they pay no interest.”

The batteries in the drawer don’t turn on the flashlight either. Gold is the storage form of money. Only in a financialized economy with extraction and production in the dumps and wealth comes from having .001 of every transaction, while personal indebtedness grows and grows do people not understand what gold is for.

[Robert357]

The unspoken aspect of the implications needs to be fully understood.

Yes, China has huge reserves of gold. Yes, China has discovered a new very large gold deposit (it is deep) but economic to mine at high world gold prices. And after Belt and Rail, many countries in South/Central America, Africa, Asia are in debt beyond their ability to repay Chinese debt.

So what is the likely end game?

Well China can make their currency a “gold backed” CNY or Yuan into the world reserve currency.

However, what would happen economically? First the value of the Yuan would skyrocket compared to other world currencies. The price of gold would also skyrocket. That would harm Chinese exports and make their products less competitive in world markets.

So what does that mean for “workers” in China? It means a lot of unemployment and closing of non robotic manufacturing plants. That could topple the Chinese government and plunge China into revolution or civil war.

For a short time, China could force countries to purchase its good by threatening declare their national sovereign debts in default. Similarly, since China has purchased so many companies in foreign countries they could threaten closure and unemployment in those companies.

So, I think that while China may eventually push to become the world reserve currency, I also think that if they do, they have to be extremely careful or they will destroy themselves.

Now, don't get me started on Crypto currencies and how they may become the world reserve currency. That is something some feel we are headed for and could block China's ability to use gold at an economic weapon.

[dennisw]

Good comment about the non-producer slant our economy has taken. But we are still major producers in>>

Agriculture
Energy -Hydrocarbons
Mining
Software
AI
Social media (yeah I know it is BS)
Automobiles
Other ICE powered machinery

[dennisw]

(Kitco News) - Gold and silver prices are higher and hit two-week highs in early U.S. trading Thursday. News that China’s central bank continues to add to its gold reserves and more bullish near-term technical postures in both gold and silver recently are supporting buying interest in the metals today. December gold was last up $20.00 at $3,453.50. September silver prices were last up $0.70 at $38.58.

The People’s Bank of China increased its gold reserves in July, marking nine straight months of purchases that are helping it diversify its holdings away from U.S. dollars. Bloomberg reported gold held by the central bank increased by 60,000 troy ounces, to 73.96 million troy ounces last month. This brings the total of purchases since last November to around 36 tons. Buying by central banks, including China’s, is among the key drivers of the 30% rally that gold has seen this year. While the central bank buying spree is expected to continue, the pace has slowed amid elevated gold prices.

[Vaduz]

Good data hat tip

[TexasGator]

"Gold is for storing Wealth"

I stored mine in my mother's basement. Unfortunately a maintenance dude found it and sold it for pennies on the dollar!

signed, Martin Armstrong

[TexasGator]

“Something will be done, our $37 trillion is mathematically impossible to pay off.”

The BBB is predicted to net us about $9 trillion. Inflation will eat away another $9 trillion in ten years.

Thus reducing our debt in half.

[FreedomPoster]

I was really pessimistic about the state of the US $dollar up until a couple years ago.

Then I read an article, almost certainly here, that pointed out that the other major currencies, the Euro and the Yuan, are even MORE screwed up!

And yes, no one trusts the Chinese for sure, and *especially* the Chinese don’t trust the Chinese government.

[VRW Conspirator]

Total B.S. about spooking fears about the dollar.

Copy. If they could have crashed the dollar, they would have done it already. Of course, they will still have to deal with the hungry citizens.

[TexasGator]

“Many in the industry state China’s Gold holdings are at least 25,000 tons- “

Name two ...