China is quietly adding more gold and most investors aren’t paying attention.
In January 2026, the central bank bought about 40,000 troy ounces. At around $2,000 per ounce, that’s only about $80M small relative to China’s reserves. Not aggressive, but clearly intentional.
At the same time, China has been steadily reducing its U.S. Treasury exposure, down from $1.3T in 2013 to roughly $770–800B today. Moves like this don’t shake markets overnight, but they often signal how global power is positioning for the long term.
While this slow accumulation continues, $BTC is consolidating and capital appears to be rotating back toward hard assets.
For me, the takeaway is simple: watch what central banks do, not just what markets say. These gradual shifts tend to precede bigger macro trends.
As the market evolves, the early foundation for gold’s next bull cycle could already be forming.