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Gold's current status as a risk asset challenges its traditional role as a safe haven. Its rise is driven by momentum and speculation, not intrinsic value or central bank actions.

China has been the world's largest gold producer since 2007 and is also the largest importer. It's estimated that China may hold up to 15,000-16,000 tons of gold, potentially surpassing the US.

Gold's permanence and immutability make it a fantastic store of value. Long after digital technology and Bitcoin are history, gold will remain exactly as it is, offering a timeless form of wealth preservation.

Gold and Bitcoin are non-government forms of money that cannot be debased, offering protection against currency devaluation. They may play a crucial role in the future.

When gold was money, the only way to create cash was by mining gold, a dangerous and expensive endeavor. Now, with no gold standard, money can be created through various means, such as printing money and issuing debt.

China's gold imports are largely non-transparent, with much of it going through Dubai, Switzerland, and London. The Shanghai Gold Exchange has seen over 22,000 tons redeemed.

Gold is created through interstellar collisions in outer space, making it older than the Earth itself. Handling gold is the closest you will ever come to touching eternity, as it remains unchanged over time.

The gold sovereign, introduced in 1816 after the Napoleonic Wars, was the most successful coin in history. Today, it takes 650 modern pound coins to buy what one old pound coin was worth, illustrating the extent of currency debasement over time.