US & China are Quietly Buying Gold to Devalue Currency | Andy Schectman

US & China are Quietly Buying Gold to Devalue Currency | Andy Schectman

WTFinance and Miles Frabklin Media:

On this episode of the WTFinance podcast I had the pleasure of welcoming back Andy Schectman. Andy is the CO of Miles Franklin Precious Metals.

During our conversation we spoke about the current situation in the economy, the structural issues that are facing the monetary system, what this means for gold and precious metals, creation of multipolar systems and more.

0:00 - Introduction

2:17 - Overview of markets

10:15 - FED & Treasury fix problem?

17:29 - Inflate debt away

20:45 - Solution to productivity issues

35:51 - China rebasing vs gold

41:19 - Multipolarity

46:54 - One message to takeaway?

https://www.youtube.com/watch?v=mwYNY7kwQIw

Gold at $42.22 and "One of the Great Mysteries" | Phillip Magness

Gold at $42.22 and "One of the Great Mysteries" | Phillip Magness

Kitco News: 8-4-2026

Economic historian Phillip Magness tells Kitco News anchor Jeremy Szafron that Americans who surrendered gold in 1933 at $20.67 an ounce got none of the gain when Washington repriced it at $35 less than ten months later.

"It's always the private sector that gets the bad end of it." America's 261.5 million ounces are still carried on the federal books at $42.22 an ounce, about $11 billion against more than $1 trillion at market.

Economic historian Phillip Magness tells Kitco News anchor Jeremy Szafron that Americans who surrendered gold in 1933 at $20.67 an ounce got none of the gain when Washington repriced it at $35 less than ten months later. "It's always the private sector that gets the bad end of it."

America's 261.5 million ounces are still carried on the federal books at $42.22 an ounce, about $11 billion against more than $1 trillion at market. Magness traces the line from the 1933 gold surrender and the Gold Reserve Act through Bretton Woods, the 1971 Nixon shock and the Smithsonian Agreement, to the accounting price still sitting on the federal books today.

 Two billion dollars of the Treasury's 1934 revaluation gain went into the Exchange Stabilization Fund, which the Treasury can still use in currency markets. Magness calls the $42.22 valuation "one of the great mysteries that comes out of the Nixon era."

Also in the interview: whether anyone holding coins participates when a government reprices its gold, what would actually have to happen for a revaluation to become money the government could spend, why revaluation keeps returning whenever Washington wants financial room without raising taxes, how much public warning there was in 1933, and the single condition Magness says made it possible.

Plus why Spain grew poorer despite receiving enormous quantities of New World bullion, and when America's gold was last independently audited.

00:00 1933: AMERICANS ORDERED TO SURRENDER GOLD

01:46 HOW THE 1933 GOLD ORDER WORKED

03:12 WHY FDR BROKE THE GOLD LINK

05:51 PHYSICAL GOLD VS. PAPER CLAIMS

07:36 THE $2.8 BILLION GOLD REVALUATION GAIN

09:15 FROM BRETTON WOODS TO THE NIXON SHOCK

13:03 WHEN GOLD WAS MISTAKEN FOR NATIONAL WEALTH

16:54 WHY U.S. GOLD IS STILL BOOKED AT $42.22

20:21 WHO CAPTURED THE REVALUATION GAIN?

23:40 REVALUING GOLD TO HELP FUND BITCOIN?

25:59 HOW MUCH WARNING DID AMERICANS RECEIVE?

27:20 EMERGENCY POWERS THEN AND NOW

29:04 THE FORT KNOX AUDIT DEBATE

31:18 WHY CENTRAL BANKS ARE BUYING GOLD

32:20 WHAT HAPPENS WHEN MONEY LOSES TRUST?

34:15 COPPER AND THE RETURN OF MERCANTILISM

39:33 WHAT GOLD HOLDERS SHOULD LEARN FROM 1933

https://www.youtube.com/watch?v=-u-KGcXACFo

Andy Schectman: Every Signal Is Screaming Buy Gold

Andy Schectman: Every Signal Is Screaming Buy Gold

VRIC Media:  8-2-2026

Andy Schectman argues that rising bond yields, persistent inflation, and declining confidence in U.S. debt are creating a powerful long-term case for precious metals.

He explains why central banks and major buyers continue accumulating physical gold despite recent price weakness, how China is building the vaults, exchanges, and payment systems needed to challenge Western paper markets, and why the shift toward physical settlement could reshape global price discovery.

Andy also compares the outlook for gold, silver, and platinum, with gold remaining his preferred asset for a changing monetary system.

0:00 Is gold preparing for another major move?

1:49 Interest rates, bond yields, and America’s debt trap

8:38 The real inflation rate and gold’s performance

11:30 Central banks and major buyers accumulate physical gold

13:32 Stablecoins, Treasuries, and the future of interest rates

18:10 When will gold respond to money creation?

20:18 Who is taking delivery from COMEX?

23:38 Could higher gold prices weaken the dollar?

24:00 The Global South builds a new gold settlement system

28:15 Hong Kong’s vault expansion and China’s long strategy

32:33 How much gold is China really buying?

36:01 Falling mine supply and rising physical demand

40:01 Gold revaluation and the July 4 prediction

45:04 Paper markets versus physical price discovery

49:15 Gold, silver, or platinum?

https://www.youtube.com/watch?v=PqCZrt7YvR4

China Lights Fort Knox Gold Revaluation Fuse!

China Lights Fort Knox Gold Revaluation Fuse!

Kinesis Money:  7-30-2026

In this week's Live from the Vault, Andrew Maguire explores reports on how gold has overtaken US Treasuries as the world's top reserve asset, as central banks lose trust in dollar-based systems and accelerate repatriation of their sovereign assets.

With Fort Knox back under scrutiny following the launch of the Hong Kong SGE gold link, the precious metals expert reveals why a full audit of US gold reserves is imminent, while the gold revaluation process has already begun.

Timestamps:

00:00 Start

03:40 Hong Kong-SGE launch puts Fort Knox back under scrutiny

10:53 Gold overtakes Treasuries as the world's top reserve asset

14:44 How China quietly accumulated 40,000+ tons of Western physical gold

18:25 Why Hong Kong marks a structural reset, not just another gold venue

28:17 Reading the charts: why the short squeeze is coming

36:10 Laos adopts the SGE price standard as de-dollarisation spreads

41:16 CME's desperate 24-hour futures gambit to stay relevant

https://www.youtube.com/watch?v=JXxIgSbfWiw

COMEX Crisis & China’s Gold Revolution | Andy Schectman

COMEX Crisis & China’s Gold Revolution | Andy Schectman

Liberty and Finance:  7-28-2026

China is rapidly building a new financial infrastructure centered around physical gold, same-day settlement, and alternatives to Western paper markets, according to Andy Schectman.

 In this interview, Andy breaks down China’s gold accumulation, record silver imports, COMEX leverage, and why he believes the world may be shifting toward physical price discovery.

He also discusses growing BRICS cooperation, new payment systems outside SWIFT, and the potential impact on the dollar’s global role.

Beyond precious metals, Andy warns about the risks surrounding AI development, private credit, and an increasingly digital financial system.

 With central banks reportedly accumulating gold at record levels, Andy explains why investors should pay attention to deliveries and physical ownership rather than short-term price movements.

INTERVIEW TIMELINE:

0:00 Intro

1:35 Shanghai physical gold exchange

18:20 Bullion update

27:40 AI & BRICS

https://www.youtube.com/watch?v=cV0lGqhTXCM

The Gold Reset Already Happened and Almost Nobody Noticed | Willem Middelkoop

The Gold Reset Already Happened and Almost Nobody Noticed | Willem Middelkoop

Kitco News:   7-27-2026

Willem Middelkoop says the monetary reset isn't coming. It's already underway, quietly, in the accounting. He also argues China is now the dominant force in the gold market, buying on every dip while the West still trades paper.

Kitco's Jeremy Szafron sits down with Willem Middelkoop, author of "The Big Reset" and founder of the Commodity Discovery Fund, for a wide-ranging hour on why both Washington and Beijing may want a cheaper gold price, the state gold buyers that don't show up in official numbers, gold overtaking US Treasuries as the world's top reserve asset, the move of price discovery to Shanghai, China's shift from paper to physical, silver's path to a possible $500, and where the gold miners go from here.

CHAPTERS

0:00 Gold's Wild Year

0:50 Meet Willem Middelkoop

1:46 Big Reset Thesis

3:56 Central Banks Drive Gold

6:57 Hidden China Gold Hoard

9:34 Reset Through Accounting

13:21 US Gold Politics

17:13 Custody and Sanctions Risk

19:03 BRICS Parallel Rails

22:57 China Shifts to Physical

28:27 Hong Kong Clearing and mBridge

30:23 Gold for Trade Settlement

32:56 Debt Crisis Warning

33:39 Gold Bonds Speculation

34:56 Gold Replaces Treasuries

36:22 Peak Supply Metals

37:05 Silver Shortage Signals

39:48 Paper Market Breakdown

42:29 Perfect Storm Thesis

45:29 Miners Leverage Valuations

47:38 Mergers Discovery Arbitrage

54:00 China Buys in Ground

56:40 China Russia Calculus

1:00:47 Investor Takeaways

1:03:40 Closing

https://www.youtube.com/watch?v=7jkLVEICxg8

Alasdair Macleod: China Ends Retail Paper Gold & Opens the Floodgates

Alasdair Macleod: China Ends Retail Paper Gold & Opens the Floodgates

Mining Network:  7-23-2026

Alasdair Macleod, economist and leading voice on sound money, returns to Mining Network to break down China’s rapidly accelerating gold strategy and what it means for Western paper markets, the dollar, and global monetary order.

 Earlier this month Hong Kong launched its new gold central clearing and settlement system.

This week several major Chinese banks (including ICBC) will end retail paper gold trading on the Shanghai Gold Exchange.

At the same time, Beijing is easing long-standing restrictions on gold exports between the mainland and Hong Kong.

Macleod argues these moves are not isolated — they form part of a deliberate, decades-long plan to secure the yuan against the eventual failure of the Western fiat system.

0:00 – Introduction

0:15 – Hong Kong gold settlement system & Chinese banks ending retail paper gold

2:20 – China’s long-term gold accumulation strategy

8:14 – New gold vaults, yuan convertibility & replacing Western paper markets

14:03 – China, Japan and the problem of US Treasury demand

19:37 – Commodity stockpiling and dollar dumping

21:16 – Sponsor: Copper Giant (Mocoa project)

22:50 – Timeline for the collapse of Western paper gold markets

26:45 – The history of central bank gold leasing

https://www.youtube.com/watch?v=E4eddQbZtsY

Insiders Are Betting Millions On Gold Reset By Year-End | Ed Steer

Insiders Are Betting Millions On Gold Reset By Year-End | Ed Steer

Liberty and Finance:  7-22-2026

Why are traders pouring millions into gold call options as high as $20,000? Precious metals analyst Ed Steer explains why he believes unprecedented positioning in the futures and options markets points to a potential historic shift in gold and silver pricing.

He also discusses unusual Commitment of Traders data, the role of commercial traders, and why he sees the balance of power gradually moving from Western paper markets toward Asia.

Along the way, Steer shares his interpretation of recent developments involving Chinese gold trading and what they could mean for the precious metals market.

Whether or not these forecasts come to pass, this interview explores the market signals and arguments that have many investors watching gold and silver more closely than ever.

INTERVIEW TIMELINE:

0:00 Intro

1:20 $20,000 gold call options

10:00 Short-squeeze

18:30 Gold & silver manipulation

23:25 Shanghai gold exchange

https://www.youtube.com/watch?v=CMfnuGgHNGQ

China Shuts Down Paper Gold in 24 Hours

China Shuts Down Paper Gold in 24 Hours

Taylor Kenny:  7-23-2026

China is shutting down retail paper gold trading at several major banks—and forcing investors to close positions or take physical delivery.

Is this the beginning of a major shift from paper pricing to real metal?

CHAPTERS:

0:00 China’s Paper Gold Shutdown Begins

0:35 Why Paper Markets Control Gold and Silver Prices

1:27 How Rehypothecation Creates Multiple Claims on One Asset

2:21 Bank Spoofing and Precious Metals Price Manipulation

3:15 Why China Is Ending Retail Paper Gold Trading

3:43 China’s Bigger Physical Gold Strategy

4:41 Could Price Discovery Shift From Paper to Physical?

5:40 Physical Gold, Counterparty Risk, and Wealth Protection

6:38 East vs. West: Two Different Views of Gold

7:35 What This Means for Gold and Silver Investors

https://www.youtube.com/watch?v=y6IdjRqS6tc&t=2s

Silver’s Next Industrial Boom Could Send Prices to $400 | Aaron Hoddinott & Andy Schectman

Silver’s Next Industrial Boom Could Send Prices to $400 | Aaron Hoddinott & Andy Schectman

Miles Franklin Media:  7-18-2026

Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, sits down with Aaron Hoddinott, Founder & President of Pinnacle Digest, to discuss why he believes the global monetary system is already shifting, why central banks continue accumulating gold, and why silver may be one of the most compelling long-term investment opportunities.

Hoddinott explains why he sees the emergence of a parallel monetary system centered around gold, how de-dollarization is reshaping global finance, and why governments may ultimately choose inflation and a weaker dollar as the path out of mounting debt.

He also shares why he's been buying physical silver, arguing that growing industrial demand and constrained supply could drive significantly higher prices over the next decade.

The conversation also explores artificial intelligence, reindustrialization, demographics, and productivity, examining how these macro trends could influence inflation, interest rates, and the future of gold and silver in an increasingly uncertain economic landscape.

In this episode of Little by Little:

Why Aaron believes a parallel monetary system is already emerging

Central bank gold buying and the future of the U.S. dollar

Why inflation may remain the only path out of the debt crisis

Aaron's long-term investment thesis for physical silver

How AI, reindustrialization, and demographics could reshape the global economy

00:00 Coming Up

01:24 Introduction

03:12 Guest Origin Story

06:27 IBM AI Reality Check

08:31 Leverage Bubble Warning

13:06 Global Monetary Shift

14:38 Parallel Gold Standard

https://www.youtube.com/watch?v=vA8b_fiD3Xo

US Dollar used to be Backed by Silver, US has Largest Gold Stockpile in the World

US Dollar used to be Backed by Silver, US has Largest Gold Stockpile in the World

And We Know :  7-18-2026

The global financial landscape is currently undergoing a structural transformation, defined by shifting monetary policies and a fundamental rethinking of how nations store value.

Recent insights into central banking strategies suggest that we are moving away from a single-currency dominance toward a more complex, collateralized framework. By examining the roles of interest rates, precious metals, and emerging digital payment rails, investors can better understand the forces shaping the economy through 2027 and beyond.

The Federal Reserve is signaling a “regime change” in its approach to monetary policy, primarily aimed at neutralizing inflation. Often characterized as a hidden tax on citizens, inflation has forced central banks into a difficult balancing act.

To maintain currency competitiveness in a strained global economy, major nations are engaging in synchronized interest rate hikes. While this is intended to stabilize the dollar, it creates significant headwinds for traditional asset classes, particularly bonds and equities. Experts anticipate a period of heightened market volatility as the global debt situation continues to pressure existing financial structures.

Historically, conventional economic theory suggested that high interest rates were detrimental to gold and silver due to their lack of yield. However, a counterintuitive shift is occurring: precious metals are increasingly viewed as essential “flight-to-quality” assets.

As central banks face mounting monetary volatility, they are aggressively transitioning toward gold as a tier-one reserve asset. This institutional adoption highlights a move toward tangible collateral, providing a safety net in an era where paper currency credibility is being questioned.

Technological advancements are acting as the catalyst for this monetary evolution. Specifically, initiatives like Project Mbridge—backed by the Bank for International Settlements and various international coalitions—are changing how global settlements occur.

By enabling settlements in multiple currencies and assets, including gold and silver, these digital platforms are providing viable alternatives to the current dollar-centric system. This diversification suggests that we are witnessing the beginning of a “de-dollarization” trend, which may ultimately pave the way for gold-backed digital currencies to become the standard for international trade.

For the individual investor, these developments necessitate a more cautious and strategic approach to portfolio management. Because market volatility is expected to persist through 2027, relying solely on traditional market performance may no longer be sufficient.

Financial experts emphasize the importance of diversifying into precious metals to hedge against debt-related systemic risks. While equities remain a component of a balanced portfolio, investors are being encouraged to exercise restraint and look for opportunities to buy during significant market dips rather than chasing short-term rallies.

As the global economy moves toward a hybrid system of blockchain-enabled settlements and gold-backed reserves, understanding the “why” behind these shifts is essential. By staying informed, you can navigate the unpredictability of the coming years with confidence.

https://www.youtube.com/watch?v=-USVVnDAjtA  

‍Reset Intelligence: Follow the Gold

‍Reset Intelligence: Follow the Gold

7-16-2026

Follow the Gold

By Reset Intelligence | @EXIT_FIAT

Scott Bessent went on Fox this week and put a number on the American gold. Over $1 trillion, present and accounted for, the largest pile held by any nation on earth. Then he said he has no plans to open the vault and check.

The Treasury’s own books still value that same gold at $11 billion. The gap between those two numbers is the story, and this week it stopped being quiet.

The Vault Gets a Number

On July 14 the Treasury Secretary told Fox the gold is present and accounted for and worth more than $1 trillion at current market value. Fort Knox holds 147,341,858 fine troy ounces, about 56% of the federal bullion. The rest sits at Denver, West Point and in the vault under the Fed in Manhattan. The last full physical audit was in 1953. Sceptics asked him to open the doors. He declined.

By law the Treasury still carries that same gold at $42.22 an ounce, a price Congress set in 1973 and never touched. That values the whole national pile near $11 billion. Bessent announced no revaluation. He read the market number out loud and left it there.

The Rails Get a Deadline

Kevin Warsh runs the Fed now. The GENIUS Act put dollar stablecoins under federal control, and the Fed has to publish the rulebook by Saturday. The CLARITY Act reached the House this week. The DTCC is moving $114 trillion of securities onto digital rails. What was background a month ago now runs on a calendar.

What Iraq Carries to the Door

• The delegation – Iraq’s partial government spent this week in Washington asking to be let back inside the dollar system.

• The blueprint – On Wednesday al-Zaidi sat down with World Bank president Ajay Banga and IFC head Makhtar Diop. They did not come with a cheque. They came with a plan: program-based budgets, a restructured banking sector, and a merger of state lenders into a single holding company.

• The lock – Parliament seated 14 of his 23 ministers in May and stalled on the other 9, interior and defence among them. No complete cabinet, no budget. The dinar holds at 1,300 because that number lives in the budget and nowhere else.

• The cash window – The central bank suspended a 2023 circular and let banks pay dollar deposits in cash again from July 15. Iraq was grey-listed by the Financial Action Task Force on June 19.

• The deposits – Iraqi bank deposits fell from about $70.9 billion at the end of last year to $66.8 billion by April, with private savings leading the way down.

The Same Play in Caracas

Venezuela is further down the same road. Its oil money routes into accounts the US Treasury holds, and the State Department decides what flows back to Caracas. Roughly $8 billion of oil revenue in the first 4 months of this year. About $300 million of it actually reached Venezuela. The gold is moving through the same accounts.

A government counts its gold right before it intends to use it. The count is done.

This Is the Short Version

Those are the moves, and they are all on the public record. The daily briefing is where we connect them: what a vault count actually signals, the precedent for this exact play and how it ended last time, and what it means for anyone holding dinar. That runs every weekday.

Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com

The Documentation

Reset Intelligence published the source-level documentation behind the briefings in Head of the Snake. The full 19,500-word documented case. Every claim sourced – Treasury actions, OFAC press releases, parliament records, central bank statements.

25% off all formats with code 25XOFF at checkout: resetintelligence.com/head-of-the-snake

https://dinarchronicles.com/2026/07/16/reset-intelligence-follow-the-gold/

Why Central Banks Love a Gold Sell-Off

 Why Central Banks Love a Gold Sell-Off

Notes From the Field By James Hickman (Simon Black / Sovereign Man) July 14, 2026

On July 7, Bloomberg published  an article with the headline: "Gold's Bull Market Has Ended and Now All Eyes Are on Bears," explaining how many retail investors have headed for the exits.

That same day, the People's Bank of China, the country's central bank, reported its largest monthly gold purchase since 2023.

Of course, June marked its twentieth consecutive month of adding gold to its reserves. Central banks are relatively price insensitive. They buy gold as a long term hedge to preserve value, not to trade back for more paper.

But they aren’t stupid either, and this shows they are buying the dip.

Gold peaked at $5,589 per ounce on January 28 and trades around $4,000 today, roughly 28% below the high. The second quarter was gold's worst since 2013. Investors have pulled about $18 billion out of gold ETFs since the peak, much of it late money that piled in during last year's frenzy and bolted the moment momentum broke.

But the price is not the story. The story is what central banks are doing.

Central banks have been the dominant force in gold since 2022, when Russia invaded Ukraine, the US froze $300 billion of Russia's central bank reserves, and every finance ministry on earth learned that dollar assets were not the safe havens they’d believed.

In 2024, central banks bought 1,090 tons of gold, close to an all-time record.

That massive demand made gold expensive. The price nearly doubled from its 2025 low, and central bank buying slowed to 863 tons. That was still higher than historical averages, but down 21% from the year before.

The slowdown was not fading interest; it was price discipline. Central banks are not traders chasing momentum. They are savers accumulating a reserve asset, and like any sensible saver, they buy less when the thing they are saving in gets expensive.

And they speed back up when it goes on sale. In the first quarter of this year central banks bought 244 tons, more than the previous quarter and above the five-year average. China alone has added about 40 tons in the first six months of 2026, compared to just 27 tons in all of 2025. The People's Bank of China bought more gold last month, with the price down nearly 30% from its high, than in any single month of the entire run-up.

The Reason Is Simple: Nothing Has Changed About Why They Buy

The World Gold Council, the industry group that tracks official gold demand, surveyed 76 central banks this year. Seventy-four percent said they expect the dollar's share of global reserves to be lower five years from now.

These are the institutions that actually hold the world's reserves, and they are telling you, on the record, that they plan to keep moving away from the dollar.

None of their reasons went away when the price fell. The US national debt keeps growing by trillions, Congress has no plan beyond borrowing more, and Washington keeps proving it will continue to weaponize the dollar.

A central bank holding dollars is holding the liability of a government that is both overextended and unpredictable. Gold sitting in its own vault carries neither risk.

That calculus was true at $5,589, and it is just as true at $4,000.

A trader who is down 28% has a problem if they are trying to quickly turn a profit, and accumulate more paper dollars.

But a saver who plans to accumulate gold for the next decade just got a better price. That is why the sell-off did not scare away the biggest buyers in the market.

It may be exactly what they were waiting for.

We made this argument to our subscribers of our investment research newsletter, Strategic Assets, in January.

With gold near its all-time high, we said that this was no longer the early stage of a bull market, that a major drawdown was a real possibility, and that it was time to take some profits.

In fact, subscribers who took action on our research locked in gains of more than 950% on a small silver producer and 540% on a gold and silver producer, both in under a year.

Now the sell-off has come for the miners too. Even solid, debt-free producers are trading as much as 50% below their highs from earlier this year.

But again, as nothing had changed about the long term gold thesis, little has changed about the profitability of these companies. They are still wildly profitable at $4,000 gold, which is far above projections they had planned for.

Some of these companies are still pulling gold out of the ground at a cost of just $1,000 an ounce, which is an amazing margin.

So We Are Starting To Buy Again.

It is the same discipline the central banks just demonstrated: slow down when the asset is expensive, step up when it gets cheap, and never confuse a price correction with a change in the story.

Nobody knows where gold trades next month. But the biggest buyers on earth just showed you what they do when gold gets cheaper. They buy more.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/why-central-banks-love-a-gold-sell-off-155458/?inf_contact_key=f383685557c31c8a7969f639690001cde0f86069758a2429ff9291df2b7d96e2