---
title: China has quietly accumulated large quantities of gold for 17 straight months – to the tune of 72.7 MILLION ounces (about 2,250 tonnes).
description: "Despite its rise as an economic power, China’s vast reserves are predominantly in USD, an exposure it aims to minimize.\n\nTo reduce this reliance, the People’s Bank of China is diversifying by increasing its gold holdings.\n\nSince 2011, China has decreased its dollar reserves by a third, down to approximately $800 billion.\n\nMeanwhile, China’s gold reserves have skyrocketed.\n\nChina’s economic strategy involves diversifying away from the US dollar, which dominates global trade and commodity pricing.\n\n\nSource: Katusa Research"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [China has quietly accumulated large quantities of gold for 17 straight months – to the tune of 72.7 MILLION ounces (about 2,250 tonnes).](https://blog.syzgroup.com/syz-the-moment/china-has-quietly-accumulated-large-quantities-of-gold-for-17-straight-month)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 24, 2024, 3:47:39 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/china-has-quietly-accumulated-large-quantities-of-gold-for-17-straight-month)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-04-24T15:47:39.960Z",
  "datePublished" : "2024-04-24T15:47:39Z",
  "headline" : "China has quietly accumulated large quantities of gold for 17 straight months – to the tune of 72.7 MILLION ounces (about 2,250 tonnes).",
  "image" : {
    "@type" : "ImageObject",
    "height" : 558,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/2-Apr-24-2024-03-47-15-2351-PM.jpg",
    "width" : 768
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/china-has-quietly-accumulated-large-quantities-of-gold-for-17-straight-month",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```