China has increased its gold purchases in 2026.
Posted by The Benny Show, Checked
- Sources
- 4 support1 context
- Said
- 1 time·
- Confidence
- 90%
The Benny ShowOct 28, 2026
Multiple reliable sources report that China's central bank kept buying gold through 2026, with a 23rd straight month of purchases in September and a 21-tonne increase that month. The claim's direction (increased purchases in 2026) is supported; the post's 'bought even more' is read as this increase, and the post's own framing does not add a figure.
What was said
… So, ladies and gentlemen, uh, financial victory is what I want you to have. I want you to have Advantage Gold in your wallet, in your bank account. Uh, the price of gold has dipped this year, and a lot of American investors have hesitated. China doubled down, and, uh, they bought even more. So ask yourself, what do they know that we don't? Look around. There's a lot of things happening in, uh, national debts and in financial crises that seem to be brewing. …
The Benny Show · · from the transcriptPost →What we found
Supports. Reuters reported on July 7, 2026 that China's central bank maintained gold purchases for a 20th straight month, with its biggest monthly increase since October 2023 in June.[1]
Supports. Kitco reported on October 7, 2026 that the PBoC increased its gold reserves by 21 tonnes in September, marking the 23rd consecutive month of purchases.[2]
Supports. Caixin Global reported on October 8, 2026 that China's gold reserves rose for a 23rd straight month in September, adding 740,000 ounces.[4]
Supports. A BOFIT weekly review from October 30, 2026 says the PBoC has purchased roughly 100 metric tons of gold so far this year.[3]
Context. Central Banking reported an August 2026 increase of 650,000 troy ounces, the bank's largest monthly gain since 2023 at that point, consistent with continued buying through the year.[5]
Sources
5 sources: 1 fact-checker, 3 not rated, 1 rated low
- 1China gold reserves rise most since 2023 even as bullion tumblesreuters.com · fact-checker · cited for: supports
- 2China's central bank buys 21 tonnes of gold in September ...kitco.com · not rated · cited for: supports
- 3China's central bank continues to build up gold reserves - bofitbofit.fi · not rated · cited for: supports
- 4China's Gold Reserves Rise for 23rd Straight Month - Caixin Globalcaixinglobal.com · rated low for factual reporting by Iffy.news · cited for: supports
- 5China ups gold reserves by largest amount in nearly three ...centralbanking.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
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