An article by a reliable journalist ( Norber Haering ) has just appeared, in German, about the short-term proposed changes to the WHO's powers. This news, so to speak, complements the news about the legal changes in Canada. This makes the overall picture appear a little clearer. Unfortunately the article is in German, here is the translation ( Unfortunately I have not yet been able to check the correctness of the translation ) :
Part 1 of the translation :
IHR negotiators are pulling a pandemic emergency and a supervisory board out of a hat
04/24/2024 | The Working Group on Reform of the International Health Regulations (IHR) has published a new text proposal for the first time in a long time. A month before the planned vote, the WHO office surprisingly proposed in addition to the health emergency of international concern a pandemic emergency defining . In addition, just before the end, the office is proposing the creation of a committee for implementation and compliance with the IHR.
a draft text ready for voting by the end of January at the latest, four months before the vote at the World Health Assembly at the end of May According to the rules of the International Health Regulations (IHR) on an addition to the treaty, the negotiators should have presented . They didn't do it and just continued to negotiate.
On April 17, WHO published a draft text with proposed additions marked by the WHO office. This has been discussed by the working group on the IHR reform since April 22nd and until April 26th.
includes In addition to the very vague definition of a public health emergency of international concern , Article 1 of the draft text now also a definition of a pandemic and a pandemic emergency .
Throughout the entire agreement, whenever the health emergency of international concern is discussed, the pandemic emergency should be added. Although the definition in Article 1 makes it clear that the pandemic emergency is a special case of the public health emergency, it is only sometimes followed by “including”, but sometimes also by “or”. This is probably due to sloppiness due to haste.
Pandemic and pandemic emergency
According to the definition in Article 1:
“A pandemic is a health emergency of international concern that is infectious in nature and
has already spread and continues to spread across and within multiple states across WHO regions; and
the capacity of the health systems to respond to this in the affected countries is overwhelmed; and
causes serious social and/or economic and/or political disruption in those Contracting States;
requires rapid, fair, enhanced and coordinated international action with a whole-of-government and whole-of-society approach.”
The definition of pandemic emergency puts a “will likely” in front of points 1 to 3 and is identical in point 4.
However, there is a health emergency of international concern
“extraordinary event which has been determined to have occurred in accordance with the provisions of these regulations
poses a health risk to other countries due to the international spread of a disease; and
may require a coordinated international response.”
The definition of a health emergency is almost ridiculously easy to meet. You could have also written: 'A public health emergency is what has been declared as such.' The uncontrolled, dictatorial decision-making power lies solely with the WHO Director General. There is an Annex 2 with a non-binding decision rule and examples of when declaring a public health emergency is appropriate. They are also extremely vague and easy to fulfill. For example, it is sufficient if there are many cases relative to the place, time and population of occurrence, whatever that means, and one of the following conditions is met: cases in a densely populated area or cases among health workers. It also expressly states that it is not a requirement that people have already been affected by the infection.
Interim conclusion:
A public health emergency of international concern can be anything the WHO Director General declares, down to a moderate flu epidemic. For a pandemic emergency, it must also be added that the disease threatens to spread beyond more than one WHO region, that the health system is in danger of being overwhelmed (e.g. beginning of a wave of influenza), that something in the affected countries is in danger of being disrupted as a result, and something after that The WHO Director-General's view speaks for collective action.
Meaning
IHR negotiators are pulling a pandemic emergency and a supervisory board out of a hat
04/24/2024 | The Working Group on Reform of the International Health Regulations (IHR) has published a new text proposal for the first time in a long time. A month before the planned vote, the WHO office surprisingly proposed in addition to the health emergency of international concern a pandemic emergency defining . In addition, just before the end, the office is proposing the creation of a committee for implementation and compliance with the IHR.
a draft text ready for voting by the end of January at the latest, four months before the vote at the World Health Assembly at the end of May According to the rules of the International Health Regulations (IHR) on an addition to the treaty, the negotiators should have presented . They didn't do it and just continued to negotiate.
On April 17, WHO published a draft text with proposed additions marked by the WHO office. This has been discussed by the working group on the IHR reform since April 22nd and until April 26th.
includes In addition to the very vague definition of a public health emergency of international concern , Article 1 of the draft text now also a definition of a pandemic and a pandemic emergency .
Throughout the entire agreement, whenever the health emergency of international concern is discussed, the pandemic emergency should be added. Although the definition in Article 1 makes it clear that the pandemic emergency is a special case of the public health emergency, it is only sometimes followed by “including”, but sometimes also by “or”. This is probably due to sloppiness due to haste.
Pandemic and pandemic emergency
According to the definition in Article 1:
“A pandemic is a health emergency of international concern that is infectious in nature and
has already spread and continues to spread across and within multiple states across WHO regions; and
the capacity of the health systems to respond to this in the affected countries is overwhelmed; and
causes serious social and/or economic and/or political disruption in those Contracting States;
requires rapid, fair, enhanced and coordinated international action with a whole-of-government and whole-of-society approach.”
The definition of pandemic emergency puts a “will likely” in front of points 1 to 3 and is identical in point 4.
However, there is a health emergency of international concern
“extraordinary event which has been determined to have occurred in accordance with the provisions of these regulations
poses a health risk to other countries due to the international spread of a disease; and
may require a coordinated international response.”
The definition of a health emergency is almost ridiculously easy to meet. You could have also written: 'A public health emergency is what has been declared as such.' The uncontrolled, dictatorial decision-making power lies solely with the WHO Director General. There is an Annex 2 with a non-binding decision rule and examples of when declaring a public health emergency is appropriate. They are also extremely vague and easy to fulfill. For example, it is sufficient if there are many cases relative to the place, time and population of occurrence, whatever that means, and one of the following conditions is met: cases in a densely populated area or cases among health workers. It also expressly states that it is not a requirement that people have already been affected by the infection.
Interim conclusion:
A public health emergency of international concern can be anything the WHO Director General declares, down to a moderate flu epidemic. For a pandemic emergency, it must also be added that the disease threatens to spread beyond more than one WHO region, that the health system is in danger of being overwhelmed (e.g. beginning of a wave of influenza), that something in the affected countries is in danger of being disrupted as a result, and something after that The WHO Director-General's view speaks for collective action.
Meaning
Part 2 of the translation :
The bizarre thing is that it has no apparent significance whether a health emergency is also classified as a pandemic emergency or not. I haven't found a single passage in the entire document that says anything follows from the classification as a pandemic emergency. The word pandemic alone appears only once, in Article 1, where the term is defined. After that, there is only talk of a pandemic emergency, i.e. an impending pandemic.
It is difficult to think of a good reason why the negotiators would come up with such a new definition of the object of their efforts shortly before the vote if nothing follows from this new definition.
The only way I can explain it is that people came to the realization that the term health emergency of international concern is too bureaucratic and cumbersome to scare anyone with it. The abbreviation PHEIC, which was previously always used in the text and was not suitable for this purpose, has been completely eliminated. Pandemic sounds better. There is probably speculation that the media and language regularly turn the pandemic emergency, which is actually just a feared pandemic, into a pandemic.
Supervisory Board
With a new article to be inserted after Article 54, the WHO Secretariat proposes the creation of an Implementation and Compliance Committee for the International Health Regulations. This is intended to monitor progress in implementation so that help can be made where there are implementation deficiencies. The committee makes recommendations for this.
The Supervisory Commission will consist of a number of representatives from each WHO region, to be determined, who will fulfill this role for a period of time to be determined.
assessment
It is a gross disregard for the citizens and parliaments of the member states that the negotiators and the WHO included such a supervisory body in the treaty just a few weeks before the intended vote on the IHR. Remember: The new IHR rules apply to all countries that do not object in a timely and express manner. There is no need for ratification or any referral to parliament at all. The objection period has expired until the next federal elections. This is precisely why there is a rule that the text of the amended treaty that is to be voted on must be available four months before the vote.
The supervisory board itself should not have any sanctioning power. But the existence of such a body, which is authorized to identify deficits, would significantly increase the possibility of indirect pressure to implement the current WHO recommendations. Then the World Bank, International Monetary Fund, World Trade Organization and others with any semblance of authority can demonstrate and use their thumbscrews on those who do not want to adhere to the WHO recommendations.
The WHO's leverage
In addition to the indirect but very powerful means of pressure mentioned above, the WHO can also put pressure on countries that do not want to make a difference. It would go too far and exceed my know-how to list all the possibilities. However, I would like to mention one that catches the eye. The new IHR will strengthen the WHO's role as a standard setter for international travel. It has already announced that it will take over the infrastructure of the EU's digital health pass from the Corona period for permanent global use. If the WHO recommends that travel to and from a country should only be permitted with draconian quarantine requirements, then that could spell ruin for a poor country.
Conclusion
If the federal government agrees to these rules and does not object to their application to Germany when necessary, it is acting blatantly against the interests of its citizens. The same applies to the members of the very grand coalition of the extreme center in the Bundestag if they continue to support this illegal and anti-democratic approach by the IHR negotiators, including the German ones.
Source / Original article in German : https://norberthaering.de/macht-kontrolle/ihr-april24/
The bizarre thing is that it has no apparent significance whether a health emergency is also classified as a pandemic emergency or not. I haven't found a single passage in the entire document that says anything follows from the classification as a pandemic emergency. The word pandemic alone appears only once, in Article 1, where the term is defined. After that, there is only talk of a pandemic emergency, i.e. an impending pandemic.
It is difficult to think of a good reason why the negotiators would come up with such a new definition of the object of their efforts shortly before the vote if nothing follows from this new definition.
The only way I can explain it is that people came to the realization that the term health emergency of international concern is too bureaucratic and cumbersome to scare anyone with it. The abbreviation PHEIC, which was previously always used in the text and was not suitable for this purpose, has been completely eliminated. Pandemic sounds better. There is probably speculation that the media and language regularly turn the pandemic emergency, which is actually just a feared pandemic, into a pandemic.
Supervisory Board
With a new article to be inserted after Article 54, the WHO Secretariat proposes the creation of an Implementation and Compliance Committee for the International Health Regulations. This is intended to monitor progress in implementation so that help can be made where there are implementation deficiencies. The committee makes recommendations for this.
The Supervisory Commission will consist of a number of representatives from each WHO region, to be determined, who will fulfill this role for a period of time to be determined.
assessment
It is a gross disregard for the citizens and parliaments of the member states that the negotiators and the WHO included such a supervisory body in the treaty just a few weeks before the intended vote on the IHR. Remember: The new IHR rules apply to all countries that do not object in a timely and express manner. There is no need for ratification or any referral to parliament at all. The objection period has expired until the next federal elections. This is precisely why there is a rule that the text of the amended treaty that is to be voted on must be available four months before the vote.
The supervisory board itself should not have any sanctioning power. But the existence of such a body, which is authorized to identify deficits, would significantly increase the possibility of indirect pressure to implement the current WHO recommendations. Then the World Bank, International Monetary Fund, World Trade Organization and others with any semblance of authority can demonstrate and use their thumbscrews on those who do not want to adhere to the WHO recommendations.
The WHO's leverage
In addition to the indirect but very powerful means of pressure mentioned above, the WHO can also put pressure on countries that do not want to make a difference. It would go too far and exceed my know-how to list all the possibilities. However, I would like to mention one that catches the eye. The new IHR will strengthen the WHO's role as a standard setter for international travel. It has already announced that it will take over the infrastructure of the EU's digital health pass from the Corona period for permanent global use. If the WHO recommends that travel to and from a country should only be permitted with draconian quarantine requirements, then that could spell ruin for a poor country.
Conclusion
If the federal government agrees to these rules and does not object to their application to Germany when necessary, it is acting blatantly against the interests of its citizens. The same applies to the members of the very grand coalition of the extreme center in the Bundestag if they continue to support this illegal and anti-democratic approach by the IHR negotiators, including the German ones.
Source / Original article in German : https://norberthaering.de/macht-kontrolle/ihr-april24/
norberthaering.de
IHR-Verhandler ziehen eine pandemische Notlage und ein Aufsichtsgremium aus dem Hut – Geld und mehr
Forwarded from LL
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this came across a while ago, Agenda 2030 in full swing
👎1🤬1
Forwarded from X Y
Much of the world is a disguised concentration camp. A new generation of Dr Mengele is ready to tell us in 10 years they just followed orders. Sad.
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Canadian TikToker wants to stop inflation by printing more fiat currency.
There's a reason government schools don't teach how the banking system works.
There's a reason government schools don't teach how the banking system works.
Forwarded from Dr Mike Yeadon solo channel (Mike Yeadon)
https://open.substack.com/pub/geoffpain/p/fear-campaign-by-coulson-twc-now
Pandemics aren’t a thing. Anyone trying to frighten you by warning of an imminent pandemic is a fake.
I’ve said I’d criticise anyone under this specific circumstance.
Don’t beLIEve the pandemic propaganda.
Best wishes
Mike
Pandemics aren’t a thing. Anyone trying to frighten you by warning of an imminent pandemic is a fake.
I’ve said I’d criticise anyone under this specific circumstance.
Don’t beLIEve the pandemic propaganda.
Best wishes
Mike
Geoff Pain PhD
Fear Campaign by Coulson TWC now pushes Deadly Tamiflu
I call on all of sound mind to condemn The Wellness Company for its latest Madness. WEF and WHO have great allies in the Chief Medical Board of this BigPharma Scam
Forwarded from Natural News
Vaccines have destroyed society, unleashing a wave of irreparable damage to public health
We rarely hear about it due to the system-wide embargo on truthful information about the damage they cause, but vaccines have destroyed the world.
A Midwestern Doctor, a popular Substack account, conducted an extensive review into the science behind vaccines that never sees the light of day. The doctor found that the ugly truth about vaccines stays hidden in order to protect "the business," meaning the vaccine arm of Big Pharma.
To tell the ugly truth about vaccines "would destroy the vaccine programme," the doctor writes, which is why it is never told. One of them is the fact that vaccines do not prevent disease, and instead cause more of it.
Diseases that were once thought to be eradicated have returned, but not because the unvaccinated. The doctor found that vaccines are reintroducing these ancient illnesses, which are today being dubbed a "mystery."
Take the smallpox vaccine, for instance. Introduced in 1798, the smallpox jab was frequently observed to cause smallpox outbreaks rather than prevent them, but this ugly truth was swept under the rug.
If modern medicine was an honest science, the smallpox jab would have been pulled from the market and relegated to the dustbin of the world's worst scientific mistakes. Instead, the smallpox jab laid the groundwork for the thereafter release of a host of new vaccine injections, all of which do the same type of thing.
"Having looked at it extensively, I am of the opinion the smallpox vaccine reshaped the trajectory of humanity's health and ushered in the era of chronic illness," the doctor writes.
Skip all jabs
The vaccines that would come after smallpox unleashed other new health problems, often due to quality control issues. Besides their inherent toxicity, new vaccines would get pumped out at an increasingly faster rate, and all the new companies trying to cash in on the jab rush to cut corners to save a buck.
"Because of this, a variety of new and severe medical conditions emerged, many of which were deemed to be due to brain inflammation (encephalitis) or brain damage (encephalopathy) and observed to occur in conjunction with cranial nerve damage," the doctor explains.
"Most of these conditions in turn mirrored the myriad of injuries we now too see from modern vaccinations."
Back in the 1980s, it was rare for children to show symptoms of autism or other neurological problems. Today, autism is common, as are many other chronic illnesses that prior to the advent of vaccines were rare, if not nonexistent.
Real science backs these claims, by the way, but most of it remains hidden while the fake kind promoting vaccines constantly gets pushed to the forefront of the news cycle.
"Numerous clinical trials of individual vaccines (e.g., the HPV vaccine) show that vaccines cause many of the same disorders (e.g., a myriad of autoimmune conditions) that have increased in parallel to the number of doses of the vaccine one receives (e.g., the second shot is almost always more likely to cause a severe reaction than the first)," the doctor further writes.
"This in turn suggests that taking a large number of vaccines (presently the ever increasing CDC schedule gives children 90 before they turn 18) puts them at risk for developing chronic disease."
Though many such studies have been conducted over the years, research highlighting all of this does not typically get published in any of the medical journals that the modern medical profession looks to for guidance. As such, the vaccine racket continues, seemingly without end.
Join and share 👉@NaturalNewsMedia
We rarely hear about it due to the system-wide embargo on truthful information about the damage they cause, but vaccines have destroyed the world.
A Midwestern Doctor, a popular Substack account, conducted an extensive review into the science behind vaccines that never sees the light of day. The doctor found that the ugly truth about vaccines stays hidden in order to protect "the business," meaning the vaccine arm of Big Pharma.
To tell the ugly truth about vaccines "would destroy the vaccine programme," the doctor writes, which is why it is never told. One of them is the fact that vaccines do not prevent disease, and instead cause more of it.
Diseases that were once thought to be eradicated have returned, but not because the unvaccinated. The doctor found that vaccines are reintroducing these ancient illnesses, which are today being dubbed a "mystery."
Take the smallpox vaccine, for instance. Introduced in 1798, the smallpox jab was frequently observed to cause smallpox outbreaks rather than prevent them, but this ugly truth was swept under the rug.
If modern medicine was an honest science, the smallpox jab would have been pulled from the market and relegated to the dustbin of the world's worst scientific mistakes. Instead, the smallpox jab laid the groundwork for the thereafter release of a host of new vaccine injections, all of which do the same type of thing.
"Having looked at it extensively, I am of the opinion the smallpox vaccine reshaped the trajectory of humanity's health and ushered in the era of chronic illness," the doctor writes.
Skip all jabs
The vaccines that would come after smallpox unleashed other new health problems, often due to quality control issues. Besides their inherent toxicity, new vaccines would get pumped out at an increasingly faster rate, and all the new companies trying to cash in on the jab rush to cut corners to save a buck.
"Because of this, a variety of new and severe medical conditions emerged, many of which were deemed to be due to brain inflammation (encephalitis) or brain damage (encephalopathy) and observed to occur in conjunction with cranial nerve damage," the doctor explains.
"Most of these conditions in turn mirrored the myriad of injuries we now too see from modern vaccinations."
Back in the 1980s, it was rare for children to show symptoms of autism or other neurological problems. Today, autism is common, as are many other chronic illnesses that prior to the advent of vaccines were rare, if not nonexistent.
Real science backs these claims, by the way, but most of it remains hidden while the fake kind promoting vaccines constantly gets pushed to the forefront of the news cycle.
"Numerous clinical trials of individual vaccines (e.g., the HPV vaccine) show that vaccines cause many of the same disorders (e.g., a myriad of autoimmune conditions) that have increased in parallel to the number of doses of the vaccine one receives (e.g., the second shot is almost always more likely to cause a severe reaction than the first)," the doctor further writes.
"This in turn suggests that taking a large number of vaccines (presently the ever increasing CDC schedule gives children 90 before they turn 18) puts them at risk for developing chronic disease."
Though many such studies have been conducted over the years, research highlighting all of this does not typically get published in any of the medical journals that the modern medical profession looks to for guidance. As such, the vaccine racket continues, seemingly without end.
Join and share 👉@NaturalNewsMedia
❤1👍1
Forwarded from COVID-19 Up
Media is too big
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Lest We Forget — It’s 3 Years Since This Anti-Lockdown March
🇬🇧@COVID19Up: It is three years to the day since this massive anti-lockdown march—perhaps the largest ever in response to mass COVID-19 vaccination—was magnificently recorded by @OracleFilms.
Their incredible film record puts the mainstream media to shame. They gave this historic moment zero to negligible coverage.
Imagine if these pictures had been relayed across the world on the news that day?
You cannot watch Oracle’s film of this march for freedom and not be moved.
Watch on YouTube: 👇
https://www.youtube.com/watch?v=TLHOjsuy7FY
Source:
https://www.conservativewoman.co.uk/lest-we-forget-its-three-years-since-this-anti-lockdown-march/
🇬🇧@COVID19Up: It is three years to the day since this massive anti-lockdown march—perhaps the largest ever in response to mass COVID-19 vaccination—was magnificently recorded by @OracleFilms.
Their incredible film record puts the mainstream media to shame. They gave this historic moment zero to negligible coverage.
Imagine if these pictures had been relayed across the world on the news that day?
You cannot watch Oracle’s film of this march for freedom and not be moved.
Watch on YouTube: 👇
https://www.youtube.com/watch?v=TLHOjsuy7FY
Source:
https://www.conservativewoman.co.uk/lest-we-forget-its-three-years-since-this-anti-lockdown-march/
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USA. Mass chaos breaks out at college campuses across the United States as pro-Palestine protests intensify.
Columbia, Harvard, USC, University of Texas at Austin and others are getting swarmed by protesters.
Texas state troopers have been deployed and reportedly made dozens of arrests at the University of Texas at Austin.
Harvard Yard has also been taken over by pro-Palestine protesters who are setting up camp after the university threatened to take action.
Columbia, Harvard, USC, University of Texas at Austin and others are getting swarmed by protesters.
Texas state troopers have been deployed and reportedly made dozens of arrests at the University of Texas at Austin.
Harvard Yard has also been taken over by pro-Palestine protesters who are setting up camp after the university threatened to take action.
Protest and arrests at the University of Southern California campus.
...
The processing trap | By Felix Feistel
I consider the article to be the best article of the 21st century so far.
Finally everything in one article, exactly to the point. 100% plain text in German. Please use the automatic translator or read the translation into English on my Substack. It is worth it ! Greetings from Germany, which is just waking up !
Please share it as quickly and as widely as possible.
As a precaution, please save the text on your computer.
A translation into English: :
Join 👉 https://suavek1.substack.com/p/the-processing-trap-by-felix-feistel
The original article in German :
https://apolut.net/die-aufarbeitungsfalle-von-felix-feistel/
My Telegram channel :
Join 👉 https://t.me/QueueForBrain/14849
The processing trap | By Felix Feistel
I consider the article to be the best article of the 21st century so far.
Finally everything in one article, exactly to the point. 100% plain text in German. Please use the automatic translator or read the translation into English on my Substack. It is worth it ! Greetings from Germany, which is just waking up !
Please share it as quickly and as widely as possible.
As a precaution, please save the text on your computer.
A translation into English: :
Join 👉 https://suavek1.substack.com/p/the-processing-trap-by-felix-feistel
The original article in German :
https://apolut.net/die-aufarbeitungsfalle-von-felix-feistel/
My Telegram channel :
Join 👉 https://t.me/QueueForBrain/14849
Forwarded from Geopolitics Prime
🇨🇳💰Why is China dumping US Treasuries for gold?
China’s holdings of US Treasury bonds plunged by $22.7 billion in February to $775 billion, according to data released by the US Treasury Department last week. This is not an isolated development. Over the past decade, China has dumped 40% of its US Treasury holdings. Here's what you need to know:
▪️China has been divesting itself of US debt for several years, with its investment in the latter hitting a 14-year low in Oct 2023.
▪️China is minimizing its exposure to the US dollar, seeing how US has weaponized the greenback by freezing and now threatening to confiscate the Russian Central Bank's financial assets.
▪️Instead, China is stockpiling gold, a reserve asset with no counterparty risk. Its gold reserve now stands at 2,235 tons, just a 100-ton shy of Russia’s, according to World Gold Council.
Boost us! | Subscribe to @geopolitics_live
China’s holdings of US Treasury bonds plunged by $22.7 billion in February to $775 billion, according to data released by the US Treasury Department last week. This is not an isolated development. Over the past decade, China has dumped 40% of its US Treasury holdings. Here's what you need to know:
▪️China has been divesting itself of US debt for several years, with its investment in the latter hitting a 14-year low in Oct 2023.
▪️China is minimizing its exposure to the US dollar, seeing how US has weaponized the greenback by freezing and now threatening to confiscate the Russian Central Bank's financial assets.
▪️Instead, China is stockpiling gold, a reserve asset with no counterparty risk. Its gold reserve now stands at 2,235 tons, just a 100-ton shy of Russia’s, according to World Gold Council.
Boost us! | Subscribe to @geopolitics_live
Forwarded from Multipolar Market
China continues to buy gold despite rising prices
The new record price for gold does not stop Chinese citizens and the government from buying the metal. The People's Bank of China has been purchasing for 17 consecutive months, which is the longest buying streak in history. In 2022, China bought 218 tons, and last year - 279 tons. Meanwhile, another major gold consumer, India, has reduced purchases by 9%, yielding the top spot to China. The main reasons for such acquisition rates of physical gold include the desire to reduce the share of the dollar in reserves and to hedge the yuan against devaluation.
Investors and the consumer sector are not lagging behind the People's Bank. For wealthy Chinese and companies, gold is a reliable way to preserve their assets. Trading volumes of gold on Chinese exchanges have risen to five-year highs. Gold imports increased by 34% ahead of the Lunar New Year in China, the peak gift-giving season.
Such strong support for the growing market is positively assessed by both speculators and metal producers.
Follow us on Telegram
The new record price for gold does not stop Chinese citizens and the government from buying the metal. The People's Bank of China has been purchasing for 17 consecutive months, which is the longest buying streak in history. In 2022, China bought 218 tons, and last year - 279 tons. Meanwhile, another major gold consumer, India, has reduced purchases by 9%, yielding the top spot to China. The main reasons for such acquisition rates of physical gold include the desire to reduce the share of the dollar in reserves and to hedge the yuan against devaluation.
Investors and the consumer sector are not lagging behind the People's Bank. For wealthy Chinese and companies, gold is a reliable way to preserve their assets. Trading volumes of gold on Chinese exchanges have risen to five-year highs. Gold imports increased by 34% ahead of the Lunar New Year in China, the peak gift-giving season.
Such strong support for the growing market is positively assessed by both speculators and metal producers.
Follow us on Telegram