Gold Telegraph

China’s central bank buys 21 tonnes of gold in September… LARGEST monthly purchase in 3 years. China is building around gold. Read: https://x.com/goldtelegraph/status/2108947957328523406?s=46

China has been the world’s largest gold producer since 2007. Nearly 380 tonnes mined annually. More than 1,000 tonnes imported this year. And nobody outside Beijing knows exactly how much gold China really holds. This is why the entire world should be watching closely... Read: https://x.com/goldtelegraph/status/2108613255447109822?s=46

The world is waking up to some very significant news. The brilliant Judy Shelton has been appointed Counselor to Treasury Secretary Scott Bessent, where she will advise on currency policy. Sound money... Watch my full sit down with Judy, here: https://youtu.be/USGjSU5yXh8

While the West watches the price of gold, China is building the financial system around it. China is already the world's: • Largest gold producer • Largest gold consumer • Largest gold importer This could become one of the most important monetary stories of our generation. The West needs to pay very close attention. Watch: https://x.com/goldtelegraph/status/2108558103683682390?s=46

The virtue signalling from billionaires pretending they were innocent bystanders in a system they mastered, exploited and became unbelievably wealthy from will go down as one of the great jokes of this decade. Read: https://x.com/goldtelegraph/status/2107907071668834316?s=46

Many people forget this: In August 2025, the Federal Reserve published a research note looking at what would happen if the United States revalued its 261.5 million ounces of gold from the absurd statutory price of $42.22 an ounce toward market value. Funny how things come around. I will never forget Ron Paul telling me on my show about asking Ben Bernanke why central banks owned gold. His answer? “Tradition.” The Federal Reserve itself is publishing research discussing gold revaluation. I wonder what Ben thinks about all of this today. Let’s watch how all of this unfolds… Read: https://x.com/goldtelegraph/status/2107567592756191296?s=46

THE WORLD’S TOP 10 GOLD PRODUCERS 🇨🇳 China 🇷🇺 Russia 🇦🇺 Australia 🇨🇦 Canada 🇵🇪 Peru 🇬🇭 Ghana 🇺🇸 United States 🇺🇿 Uzbekistan 🇲🇽 Mexico 🇮🇩 Indonesia Gold is money. But first, it has to come out of the ground. Read: https://x.com/goldtelegraph/status/2106542316869861619?s=46

Gold is no longer sitting on the fringes of the financial system. It is moving back toward the centre of it. The world’s most serious nations are accumulating gold, repatriating it and treating it as an asset of sovereignty. These are transformational times. Read: https://x.com/goldtelegraph/status/2106516861936631843?s=46

America has $40 trillion in national debt. The President recently suggested that a certain level of inflation could reduce that burden faster. Of course it can. Inflation reduces the real value of debt. But it also reduces the real value of your money. This is exactly why gold remains the ultimate anchor of the financial system. Read: https://x.com/goldtelegraph/status/2106118311251767572?s=46

Norway’s $2.3 trillion sovereign wealth fund has proposed significantly reducing its exposure to U.S. Treasuries Estimates suggest the move could reduce its Treasury holdings by nearly $80 BILLION In a world drowning in sovereign debt, gold-backed bonds would help restore trust Read: https://x.com/goldtelegraph/status/2105847812797911537?s=46

BREAKING NEWS: JUDY SHELTON HAS JOINED THE U.S. TREASURY DEPARTMENT AS COUNSELOR TO THE SECRETARY. Read: https://x.com/goldtelegraph/status/2105398698314240023?s=46

Huge congratulations to Tony Makuch on being inducted into the Canadian Mining Hall of Fame. Very few people in this business have built the kind of track record Tony has. He helped turn Lake Shore Gold into a serious producer in Timmins before its acquisition by Tahoe Resources. Then came Kirkland Lake Gold. Tony took the reins and helped build one of the great Canadian gold stories of the last decade, growing production from roughly 315,000 ounces to more than 1.4 million ounces annually and taking the company from around C$1 billion in market value to more than C$13 billion. Eventually, Kirkland Lake combined with Agnico Eagle in one of the defining Canadian mining transactions of the era. But one of my favourite parts of Tony’s story is that he isn’t finished. He’s back in Timmins. Today, he is leading Discovery Mining and working to build another major Canadian mining platform around the Porcupine Complex and the broader Timmins camp. There is something pretty fitting about that. After everything he accomplished with Lake Shore and Kirkland Lake, Tony has returned to a district he knows incredibly well to build something very significant all over again. Congratulations, Tony. Very well deserved. I am hoping to have Tony join me on the Gold Telegraph soon. Read: https://x.com/goldtelegraph/status/2105282482652479799?s=46

One of the most powerful lines today: “Why are we still running net present value models on mining when, if you don’t have the metals to defend yourself, you are dead?” Very true. Securing the metals you need is increasingly about sovereignty. Read: https://x.com/goldtelegraph/status/2104770185949552995?s=46

The world must mine more COPPER in 18 years than in all of history. Robert Friedland has driven this point home. The world is staring down a serious copper problem. It was great spending time with him today. He is a true legend Read: https://x.com/goldtelegraph/status/2104364858548330544?s=46

I look forward to hearing Robert Friedland talk copper Monday. I’ve learned plenty from watching Robert over the years, but perhaps the biggest lesson is this: The world has become very good at imagining the future and remarkably bad at understanding what it is made of. We talk about AI as if it lives in the clouds. We talk about electrification as if electricity appears from the wall. We talk about reindustrialization as if factories materialize from PowerPoint presentations. Eventually, reality arrives. And reality needs copper. A lot of it. That is why copper has become one of the centrepieces of my thesis for the decade ahead. Humanity is attempting to build the most power-hungry version of civilization in history while staring down enormous constraints in one of the metals that makes it all possible. As my friend Pierre Lassonde says: Copper is life. Read: https://x.com/goldtelegraph/status/2104077809971015984?s=46

Whenever I hit the road, I’m reminded just how big this community has become. It was great meeting so many of you in person for the first time at Beaver Creek. I never take the support for granted. For years, mining and minerals were largely ignored. That is changing fast. Read: https://x.com/goldtelegraph/status/2103640452532695313?s=46

"China's getting close to the levels of gold holdings of the United States... They want to dominate, whether it's the EV space, AI, or critical metals; I would say it's the gold space as well - Sean Boyd This is from the leader of the second-biggest gold producer on the planet Watch: https://x.com/goldtelegraph/status/2102245641519087634?s=46

Warren Buffett on debasement… He understands where the world is going. He won't mention gold. Why? Inverse relationship to the dollar. Watch: https://x.com/goldtelegraph/status/2101788567437754665?s=46

BREAKING NEWS HONG KONG’S EXCHANGE FUND, THE WAR CHEST USED TO DEFEND THE LOCAL CURRENCY, IS CONSIDERING INCREASING ITS EXPOSURE TO GOLD The trend continues… Read: https://x.com/goldtelegraph/status/2101443847934923248?s=46

The rich chase assets. The powerful chase leverage. The wise chase independence. The most dangerous? The one who has all three. Read: https://x.com/goldtelegraph/status/2101160809770729915?s=46