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Money Metals News Alert
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December 15, 2025
– The Fed's latest rate cut last Wednesday has fueled renewed strength
across the entire precious metals complex.
Silver continues to show incredible
upward momentum – pulling back briefly on Friday only to hit $64 once again
this morning. having obliterated its prior $54 high two weeks ago.
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Technical analysts have
pointed to the potential for $72 silver in the near to medium term as this price
rerate continues.
Silver was held below $50
for decades and seems intent on catching up after its long-time underperformance
against gold and other commodities.
Gold, meanwhile, could be
making a run for its all-time high of $4,400 reached back in October.
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At Money Metals, profit-taking by
longtime holders of both metals continues, but first-timers are coming in to
buy all that inventory – and then some.
If the headlines in precious metals
draw in the general public, the overwhelming majority of which don't have a single
ounce of any precious metal, things could get interesting.
Remember that Money Metals is still
giving away free silver for one more week on any silver order of $750+. Also,
don't forget to check out our HOLIDAY
GIFT SHOP and our SPECIALS
PAGE which includes a below spot silver offer!
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Gold : Silver Ratio (as of
Friday's closing prices) – 69.4 to
1
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China Reaffirms Tight Grip on Gold Market,
Ushering in a New Monetary Era
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Without a doubt, the Chinese central
bank (PBoC) is still the leading single entity that is driving up the gold price
to record highs, year-to-date by more than 55 percent.
In the third quarter of 2025, the
PBoC???s gold purchases (reported and unreported) accounted for 118 tonnes, up 39%
MoM and 55% YoY, according to my long-time methodology1 (now copied by Goldman
Sachs, Bloomberg,
MarketWatch,
The
Washington Post, TIME
magazine, Financial
Times, Financiele
Dagblad, and El
Pa??s, to name a few).
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Chart 1. Reported central
bank gold buying versus estimates by the World Gold Council on central bank gold
buying based on field research (reported and unreported buying). The majority of
unreported buying must be ascribed to China.
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My estimated total for Chinese
monetary gold reserves stands at 5,411 tonnes in Q3, versus 2,304 tonnes reported
by the central bank of China to the IMF.
Why is China buying so much gold?
It???s because China is the
second-largest economy globally, and due to the weaponization of the dollar since
the Ukraine war in 2022, the vast, covert buying spree by China and countries like
Saudi
Arabia should not be viewed as a hedge against the dollar but as a replacement
for the dollar.
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The mBridge Gold
Standard
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For the better part of the past 80
years, the U.S. dollar has functioned as the world???s trade and reserve currency.
This setup gave the United States the exorbitant privilege of being able to print
money to pay for imports, even though America???s manufacturing base has been eroded
as a consequence.
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China aims to establish an
alternative to the U.S. dollar while seeking to avoid the risks associated with
issuing its own reserve currency.
On November
19, 2025, the chairman of the Central Bank of the United Arab Emirates
completed a landmark digital currency transaction during a meeting with the
governor of the People???s Bank of China, formally inaugurating project
mBridge.
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The platform allows participating
countries with established digital currencies to conduct bilateral trade in their
own currencies, bypassing the U.S. dollar.
For the ???mBridge gold standard??? to be
fulfilled, any surplus of local currency accumulated through trade must be
directly exchangeable in a liquid gold market. Furthermore, it requires a new
international gold vaulting and clearinghouse network.
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Chart 2. In a historical
shift, Eastern countries that before 2022 were price sensitive are now driving
gold higher.
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China will be the largest, or one of
the largest, trading partners of countries participating in mBridge, and so the
renminbi will be a dominant trade currency in the arrangement. This is why the
Chinese are developing the Shanghai International Gold Exchange (SGEI).
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This week's Market Update was
authored by Money Metals Contibuting Writer Jan
Nieuwenhuijs.
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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