Part 4/4 Gold

Groundbreaking move from Beijing:
Chinese insurance giants can now invest in gold for the first time.

Firms: PICC, China Life, and 8 more

Max allocation: 1% of assets

Potential inflow: 200 billion yuan ($27.4 billion)

Why is this big?

China = #1 gold consumer globally (910 tons consumer demand in 2023)

Gold has cultural, symbolic and strategic importance

China moving reserves from USD to gold

This policy change is a structural shift, not just a headline]

Conclusion:]
Add China’s institutional demand to war + inflation + falling rates, and we get one clear strategy:
BUY Gold. Target: $5000 in 2025]