Tonnes, Not Dollars.

arriba-Nov-11-2026-10-15-52-4939-PM

Tonnes, Not Dollars.

 

Dear investor.

 

Gold at $4,035 today. Silver at $51.47. Tuesday brought another round of pressure as hotter October inflation raised the odds of a larger December rate hike, with the Fed's next meeting set for December 8 and 9.

 

Last Saturday brought a different kind of data. China's central bank reported that it added 25.8 tonnes of gold in October, its 24th consecutive month of purchases, and that its holdings now stand at about 2,435 tonnes. In dollar terms, the value of those reserves was reduced by roughly $17 billion during the month because of the correction in the price of gold. Its response was to buy more: it was the largest monthly addition since it resumed purchases in November 2024.

 

That is the difference between measuring in dollars and measuring in tonnes. For an institution building a reserve for decades, the quantity is the objective and the price is simply the cost of reaching it.

 

China has added about 129 tonnes in 2026, and the World Gold Council expects central bank buying this year to at least match last year's.

 

Silver, at $51.47, corrected more than gold on Tuesday, as it often does when rate expectations rise. Its sixth consecutive annual supply deficit was there before Tuesday's inflation report and will be there after December's meeting.

 

Rate expectations move the price of a day. Tonnes accumulate over years.!

 

Contact IMG today and let us help you measure what matters.

 

Much success to all.

 

Disclaimer.


The content presented in this news and video is for informational purposes only and should not be construed as financial or investment advice.
Investing in physical precious metals involves significant risks, including market volatility, lack of guaranteed returns, liquidity challenges, and storage considerations.
Prices of precious metals can fluctuate widely due to various unpredictable factors.


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