China just sent a loud signal.

Its gold reserves have crossed 74 million ounces, worth $367+ billion at today’s prices.

This isn’t speculation.

This is strategic positioning.

China is cutting U.S. Treasuries and stacking physical gold instead.

That tells you one thing: trust in fiat is fading.

Central banks don’t chase hype.

They buy protection before it’s obvious.

When sovereign buying accelerates, gold doesn’t move slowly —

it reprices.

If nations are loading up at these levels,

retail waiting on a dip is already late.

$XAU is insurance.

And insurance is always cheapest before fear shows up.

Build your gold position early.