Guildhall Wealth @GuildhallWM

BREAKING: China imported +163 tonnes of gold in May, the largest monthly import since March 2024. This marks the 3rd consecutive month with gold imports exceeding +150 tonnes. As a result, in the first 5 months of 2026, total gold imports rose +76% YoY, to +692 tonnes. This has been driven by strong retail demand for physical bullion bars and gold accumulation plans, low-cost products that allow investors to build up gold holdings gradually over time. Meanwhile, the People's Bank of China added +10 tonnes of gold to its official gold reserves in May, its 19th consecutive monthly purchase, bringing total holdings to a record 2,331 tonnes. China’s demand for gold remains strong.

All major corrections in Gold during secular bull markets follow a clear pattern. Gold just completed its 5th significant drawdown (you could also count 2020 & 2021). With one exception, they cluster tightly in both time and magnitude: 1973: 28% in 5 months 1975: 45% in 20 months (outlier) 2006: 23% in 5 months 2008: 30% in 7 months 2020: 20% in 7 months 2022: 22% in 6.5 months Current: 27% in 5 months The typical correction: 23%–30% over 5–7 months. 1975–1976 is the only true outlier and today looks nothing like that period. The worst is over.

Assets perhaps? Real money anyone?

Vivek Sen @Vivek4real_

2 days ago

BREAKING: THE MAN WHO PREDICTED THE DOT-COM CRASH AND THE HOUSING BUBBLE, JEREMY GRANTHAM, JUST WARNED INVESTORS NOT TO OWN U.S. STOCKS. “DON’T OWN U.S. STOCKS. THAT’S A SIMPLE STRATEGY THAT YOU CAN ACT ON.” THIS IS CRAZY.

375 369 3K 873K 2K

🔥This is exactly what I was referring to with Peter Schiff on Tuesday (youtube.com/watch?v=e44Yja…) - technically, silver was always likely to retest its entire 50-year cup and handle breakout. As Northstar put so succinctly, "Do you know what's likely next!?"

Northstar @NorthstarCharts

2 days ago

Silver...Were you mentally prepared at peak fomo? Had you accepted that a test of $55-$57 was highly likely? Do you know what's likely next? This is the chart I put out as we were approaching $121, and anticipating a drop of 50% or more. Few listened back then.

144 97 1K 148K 310

GOLD TELEGRAPH CONVERSATION 16: FRANK GIUSTRA "This is not a normal bull market. We are going through a structural change in the global monetary system." In this discussion, Frank breaks down why he believes we are witnessing the biggest structural shift in the global monetary system in generations, why central banks continue accumulating gold, how de-dollarization is reshaping global finance, and why he believes the coming decade will belong to hard assets. Frank Giustra is the Founder and Chairman of Fiore Group and one of the mining industry's most successful entrepreneurs and investors. Thank you for joining me, Frank. @Frank_Giustra TIMESTAMPS: (00:00) – On Argentina, Hyperinflation & Lessons That Changed His Life (08:24) – Why 1971 Changed the World Forever (15:21) – The Biggest Consequences of Leaving the Gold Standard (22:02) – Are Central Banks Solving Problems or Just Delaying the Inevitable? (25:47) – Why Central Banks Are Buying Gold at Record Levels (29:02) – Does China Secretly Own More Gold Than the United States? (29:47) – Will We Ever See a Fort Knox Audit? (33:35) – China, De-Dollarization & The New Global Order (37:16) – The Petrodollar System Explained (41:28) – BRICS, Gold & The Future of Global Trade (46:32) – Why Gold Still Matters More Than Ever (49:49) – The Rise of Hard Assets (53:31) – Why This Commodity Cycle Is Different (55:14) – Bullish Copper Thesis (01:00:54) – Are We Entering a Copper Supercycle? (01:01:42) – Greatest Achievement (01:04:52) – What Most Investors Still Don't Understand

⚠️MYSTERY INSIDERS DOUBLE DOWN ON $20,000 DEC '26 GOLD CALLS‼️ 🚨DEC '26 $20,000 COMEX GOLD CALL OI SURGES PAST 30,000 CONTRACTS⚠️ The total Open Interest in $10,000, $15,000, & $20,000 Dec '26 gold calls is now an astonishing 69,126 contracts - 6,912,600 oz!! A 7 MILLION OZ BET THAT GOLD PRICES WILL 2.5x- 5x BY DECEMBER. This is not rational behavior. Normal traders do not... (Continues at SilverTrade): 👇 silvertrade.com/news/precious-…

keyboard_arrow_left Previous keyboard_arrow_right Next

Pre-1973 there was no futures gold/silver exchange. China is force deleveraging gold and silver. Everyone is talking about a US gold revaluation and gold backed bonds to strengthen the dollar.

@saskridergal Wasn’t noise concern the reason the freedom convoy was demonized?

When gold sentiment was already broken, Chinese banks quietly started cleansing leverage. Some banks raised margin requirements on personal precious-metals deferred contracts to 120–140%. Understand what that means. At 35% margin, retail traders could control ¥100,000 worth of gold with only ¥35,000. That is leverage. At 140% margin, they need ¥140,000 to control ¥100,000 worth of exposure. That is forced deleveraging. This is China removing speculative leverage from gold and silver. And the timing matters. They are doing this when sentiment is already bad, prices have already corrected, and weak hands are already under pressure. This is how leverage gets cleansed from a market. Short term, it can suppress demand and keep prices under pressure. But the darker read is simple: When retail leverage is flushed out, the sovereign buyer gets a cleaner market. Less speculation. Less panic bidding. Less crowded positioning. Cheaper accumulation. They don’t need to bid gold at higher prices. They can shake out leverage, cool retail speculation, and continue the sovereign accumulation spree at better levels. So no, this is not bearish in the big picture. This is leverage cleansing.

keyboard_arrow_left Previous keyboard_arrow_right Next

@ezralevant Those who don’t know history are doomed to repeat it.

🚨BREAKING: CHINESE BANKS WITH OVER $10 TRILLION IN ASSETS SHUT DOWN RETAIL GOLD TRADING $7.6T ICBC, the world's largest bank by assets, will stop offering individual trading in precious metals linked to the Shanghai Gold Exchange from July 24. Three other major banks, inluding Postal Savings Bank, Ping An Bank, and China Guangfa Bank have made similar moves. After July 24, clients will no longer be able to open new trades and can only close positions. Banks are tightening risk controls after gold crashed nearly 30% from its record highs.

keyboard_arrow_left Previous keyboard_arrow_right Next

How does a seven year structural supply deficit in silver get resolved when the price gets smashed?

The final leveraged paper #gold speculators are being driven out of the market before the ......

🚨BRICS Drafts Gold-Backed Settlement Token Framework!🪙 👉According to The Banker, BRICS nations have developed a draft framework for a blockchain-based settlement token designed for cross-border transactions between central banks, BACKED BY GOLD! 👉Gold to play a major role in the system's backing! 👉Facilitates trade between member nations! 👉Could further reduce reliance on the U.S. dollar in international settlement! 👉This is NOT a common BRICS currency for everyday spending. 👉It's a proposed settlement mechanism that would place physical gold back at the center of international trade flows. 👉Whether it launches or not, the direction is clear: 🔥More countries are exploring gold as a strategic monetary asset. 👉Full report: thebanker.com/content/af119f… 🦀Crustacean Nation: If major economies begin settling trade with a gold-linked system instead of dollars... How bullish is that for physical gold and silver over the next decade? 👇Drop your thoughts below! *Not financial advice. Stay stacked!!

David Rosenberg sees the gold pullback as another correction inside a long-term bull market, not the end of the move. His thesis remains centred on central banks structurally rebalancing reserves away from the US dollar and into gold, with that process likely only halfway through. In his view, China buying physical metal while Western leveraged money sells shows gold moving from weak hands to stronger hands, and investors should focus on the central bank bid rather than short-term price noise.

How gold revaluation happens

‼️ ALAN GREENSPAN DEAD AT 100 In 1966 he wrote that gold “stands in the way” of governments confiscating your savings through inflation. Then he spent 19 years in government confiscating your savings through inflation.

Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss. - WALL STREET (the movie, 1987)

@ezralevant Bravo! 🙌🏻

ALL THE COUNTRIES THAT HAVE BEEN SELLING GOLD TO BUY OIL - WILL SOON BE SELLING EVERYTHING ELSE TO BUY GOLD.