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        <title>China wants custody of the world's gold:  great news for gold bulls, bad news for the US dollar</title>
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        <description>China's central bank is opening gold vaults in Hong Kong and in friendly countries, and is courting other central banks and major institutions to custody their gold holdings outside Europe and the United States. This is another major push to de-dollarize the new BRICS economic system, outside Western regulations and threat of sanctions and seizures. These moves are also bullish for gold prices, and bearish for USD and Euro.  Countries that earn dollars and euro can sweep their holdings to new banking centers in Hong Kong, and buy gold. China is the world's largest gold miner, and these efforts will further benefit Chinese mining companies. Closing scenes, Qinghai Resources and links: Gold Production by Country https://www.bullionbypost.com/info/gold-production-by-country/ Expert Says China’s New Gold Hubs Signal a Time-Zone Power Shift https://news.bitcoin.com/expert-says-chinas-new-gold-hubs-signal-a-time-zone-power-shift/ Coindesk, As Gold Keeps Setting New Highs, China Reportedly Wants to Be Its Custodian for Central Banks https://www.coindesk.com/markets/2025/09/27/as-gold-keeps-setting-new-highs-china-reportedly-wants-to-be-its-custodian-for-central-banks Bloomberg, China Courts Foreign Gold Reserves to Boost Global Clout https://www.bloomberg.com/news/articles/2025-09-23/china-courts-foreign-gold-reserves-in-bid-to-boost-global-clout FSTB welcomes Shanghai Gold Exchange's launch of International Board certified vault in Hong Kong https://www.info.gov.hk/gia/general/202506/26/P2025062600224.htm How China could claim a much bigger slice of the world’s gold-trading business https://www.marketwatch.com/story/how-china-could-claim-a-much-bigger-slice-of-the-worlds-gold-trading-business-41313186 China Courts Foreign Gold Reserves to Reshape Global Finance https://discoveryalert.com.au/news/chinas-gold-strategy-foreign-reserves-2025/</description>
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