Experts: China Accelerates Gold Accumulation: In Response to the Weaponization of the Dollar and US Tariffs

Claudio Grass, a Swiss monetary history and economics expert and independent precious metals advisor, told Sputnik News that China is fully increasing its gold holdings, with its registered holdings surging 25 times in 2025, aiming to send a signal indicating its determination to break away from U.S. hegemony and the dollar trade system.

Grass pointed out: "China truly wants to get rid of the dollar because it has become a political weapon. Russia's experience has shown the world that private property rights are not respected at the political level."

American Tariff War = Rising Gold Prices

Grass emphasized that the tariff war launched by the U.S. government is "a form of nationalization rooted in a sense of insecurity."

He said: "The tariff war brings a sense of insecurity, and this insecurity is also one of the factors driving up gold prices."

Grass stated that the trend of accumulating gold is developing rapidly. He pointed out that the total amount of gold held by other major central banks, apart from the Federal Reserve, has already exceeded U.S. Treasury bonds.

He believes that "the old yet new world reserve currency is physical gold."

The "Gold Strategy" of the BRICS Countries to Bypass the Dollar

Grass speculated that the BRICS countries intend to bypass the United States and establish their own trade centers, and may create their own currency in the future.

He said: "They (BRICS - note) are likely to use gold to back their currency to build more trust. Therefore, they need a system that allows physical gold delivery and withdrawal across different jurisdictions of member states, thus creating a flowing gold system."

Grass said that the internationalization of the Chinese yuan remains a question mark, but "the BRICS countries may use the yuan for trade in the future, and gold will play a key role in enhancing the credibility and stability of this system."

Original: www.toutiao.com/article/1846787031626883/

Statement: This article represents the views of the author."