Whoa, China is still crazily hoarding gold～ In May alone, China quietly bought up 48 tons of gold in the London OTC market, setting a record for the highest single-month purchase in over a year. This actual off-market purchase of 48 tons is a whopping 4.8 times the 10-ton figure officially reported for the month. In June, the Chinese central bank officially added another 15 tons of gold, marking the highest single-month increase in two and a half years, achieving an epic streak of 20 consecutive months of aggressive buying. Although the official figures for this year only show an increase of 40 tons, using Goldman Sachs' most conservative multiplier of 2x, the actual gold hoarded under the radar is already nearing 80 tons. Why doesn’t China hoard some Bitcoin? Easier to carry & transfer if things go south