Gold’s pulled back slightly from recent highs… and right on cue, the world’s savviest buyers pounced.
I'm not talking about Wall Street.
I'm not talking about Reddit traders.
I’m talking about everyday citizens in China.
Take a look at the chart below. You see that sharp spike on the far right of the chart?
It's a surge in Shanghai gold buying—retail demand so intense it caused Chinese gold to trade at a $27 premium over the New York price.
The recent dip in gold is normal – even healthy.
But the price spike in premiums on the Shanghai Gold Exchange is NOT normal.
It means gold is hotter in Shanghai than anywhere else on Earth. It means the Chinese are aware that tough times may be on the horizon.
They want their savings in something that holds value. But what’s even more interesting is…
There is still almost no interest in gold among retail buyers in the West.
Since 2008, nearly all the gold buying has been done by central banks.
Russia. China. Turkey. Singapore. Poland.
They’ve been dumping dollars and stockpiling gold—silently preparing for what they know is coming.
Last year, Central Banks loaded up on 34 million ounces. In case you’re wondering… that’s the third year in a row of near-record purchases.
That too is NOT normal.
Now, for the first time in years, retail buyers are stepping in too.
But not in the West. Not in New York. Not in Frankfurt. Not in London.
In China.
Why? Because the Chinese people understand gold.
They’ve lived through chaos. Currency devaluations. Capital controls. Political purges. Social unrest.
They know exactly what can happen to paper promises.
Gold is not an “investment” to them. It’s survival. It’s savings. It’s the only real money that matters.
So, when gold dips… they buy more.
Meanwhile, here in the West, the average investor still couldn’t care less.
They’re chasing AI stocks and meme coins while gold is quietly signaling the biggest wealth transfer in decades.
So is the gold rally over?
It has barely begun.
Every major bull run-up—1980, 2009, 2020—had these kinds of pullbacks. Each time, they signaled the next leg up.
Gold bull markets don’t end in a year – or after one furious month of new highs…
Gold bull markets last a decade or more – and we are barely a year or more into a gold bull market in a world with more than $300 trillion of debt.
Serious interest from the average retail investor is nowhere to be seen – let alone the stampede that tells you the mania is near.
You’ll know the bull market is in full swing when gold is being talked about everywhere by everyone – when Uber drivers are telling passengers where to get good prices on gold coins…
That’s what the stampede into will look like – when Western investors finally wake up… headlines are screaming about the failure of the monetary system… and chaos mounts…
That’s when panic will set in, and FOMO will take over. Anyone smart enough to own gold before that moment will likely make life-changing gains.
The problem is…
By then, it’ll be too late to buy cheap.
Today, gold is still above $3,200, consolidating for the next leg up.
The reasons for gold’s epic run in the last year and a half have not changed or gone away in the slightest:
Central Bank buying… record debt levels… and geopolitical chaos and tension…
If you want to front-run the panic into gold—and position for yourself for maximum upside—you need to see my Golden Anomaly report.
I’ll show you the top four small-cap gold miners with 100x upside potential I’ve discovered for the coming gold mania… plus the one gold royalty company that could ride this wave to generational wealth.
Best,
Garrett Goggin, CFA
Chief Analyst & Founder, Golden Portfolio
P.S. Remember, there’s no fever like a gold fever… and it’s coming.
Make sure you are in position when that happens. If you want my help discovering the best gold stocks available today, go here.