On October 12, U.S. President Donald Trump said on his “President One” that if Russia did not stop its offensive on Ukraine, it would consider providing Ukraine with “tacks” missiles with a range of more than two thousand kilometers, which can be launched directly from Ukraine to Moscow.
Russian Presidential Press Secretary Peskov immediately responded: the situation was approaching in an unpredictable direction and said the moment was "extremely dramatic."
Russia has just signed a military cooperation agreement with Cuba, and the core of the agreement is only one: allowing Russia to deploy any type of offensive weapons within Cuba.
This can't help but remind people of the Cuban Missile Crisis in 1962, when the United States and the Soviet Union confronted each other in the Caribbean for 13 days, which was the closest time mankind came to nuclear war.
Now the two countries are jittery again, threats, missiles, defense, counter-measures and escalation. Every action of the United States and Russia is labeled with danger.
At a time when almost everyone was worried about dreaming of the Cold War crisis, a war without smoke had launched the core weapon of this campaign, called gold, which hit the targeted side, not the United States, Russia, but China.
China is doing something very little is being talked about: inviting some countries to transfer their gold reserves and deposit them to China, and bringing the global “golden home.”
Time goes back to the outbreak of the Russian-Ukrainian conflict in 2022, when the United States and Western countries fired a “financial nuclear bomb” on Russia, freezing the Russian central bank’s approximately $300 billion overseas assets, both foreign exchange reserves and a lot of physical gold.
This move did cause some pain to Russia, but it was also the beginning of the self-destruction of the foundation of the United States and the West.
In the past, gold existed in London and New York, because there is the world's top security system, the world's two largest gold trading centers.
It is convenient to buy and sell quickly when stored there. There is no need for actual transportation at all. You only need to move the gold bars in the vault to complete the cross-border transfer, which greatly saves time and cost. It has always been regarded as the central point of the financial order and has strict rules. Controlled, it is relatively safe.
However, after Russia’s gold reserves were frozen, a real question was posed to many national central banks: Is the existence of U.S. and British gold really safe?
Can the U.S. freeze Russia’s gold today because of the conflict in Ukraine, and will it face the same threat tomorrow if it hits the U.S. or Britain?
In the past two years, Turkey has shipped gold from London and New York to Istanbul; Hungary has cleared its 94 tons of gold overseas; and Poland has also begun shipping back in batches.
Even Germany was no longer confident to deposit 1,200 tons of the US Federal Reserve, but instead applied for an audit, and Serbia simply came to the place and declared all of its gold back home.
The wave of global gold reflux is on the rise, and China, which has been saving for a long time, has begun to push forward.
From the second half of 2023 to mid-2025, my country's central bank has been buying gold for more than ten consecutive months, steadily increasing reserves from around 2000 tons to as fast as 2300 tons.
Growth is not an explosion, but it is this leisurely and persistent pace that is the most eye-catching.
At the same time, our corresponding financial "hardware" is also accelerating upgrades. In June 2025, the Shanghai Gold Exchange officially opened the designated warehouse of the International Board established in Hong Kong. This move marks an important step forward in the internationalization of China's gold market.
The new rules are clear: foreign investors can pick up goods and change hands of gold directly here, instead of bypassing the western trading market.
This means that we have developed our own gold supply chain "closed circle", from buying to selling the whole process of self-sufficiency. The warehouse has just landed in Hong Kong, and the special district side has followed up to expand the storage space of the airport treasury from the original 200-ton plan to 2,000-ton.
This is not an arbitrary decision, but it goes straight toward the strategic goal of “a new generation of gold trading centers” and its signals are clear: the market is not just serving a few local banks, but is prepared to take over global gold.
Russia has increased its gold exports to China Hong Kong this year, a 27-fold increase compared with last year. China receives the goods at a price of US$20-US$50 per ounce below the market, and neither side suffers any losses and gets what they deserve.
For Russia, this is a lifeline in exchange for funds under Western sanctions; for us, this is not only a good opportunity to hoard physical gold at low prices, but also a natural extension of quietly expanding market territory.
We are ready to keep the gold of the Dafa as soon as it comes. Of course, we want to build the "Eastern Gold Market", and there is still no small challenge, with a large gap with London and New York.
The biggest problem is trust. Even if the West has done things that break the rules, their gold market has been operating for at least decades, with transparency and predictability.
China's custody system started late, its capital account has not yet been fully opened, and the RMB is fully convertible. This is the reality at present.
However, some countries have already begun to consider the transfer of gold to the east, and with the exception of Russia, countries like Iran, Venezuela and some marginalized by the dollar system are continuously exploring the possibility of transferring gold reserves.
They can't come up with the best financial channel, but they know where there is relatively less intervention. A new fulcrum that bypasses the US dollar and is denominated in gold was not originally established by unified currency, but was introduced by risk aversion.
Energy exporting countries such as Saudi Arabia and Qatar are also tightening their settlement links with the RMB. They may not immediately send gold to China, but their fiscal systems have already begun to move eastward.
As for countries such as Kazakhstan, Pakistan and China with a strong economic and trade dependence, gold is only a matter sooner or later, the market sees the result is not a motivation, as long as gold really comes, it will be a structural change.
In the past, people recognized London and New York, because they represented financial security; later the West used freezing means, putting this sense of security as a choice, the original house itself broke their fields, the rest of the guests naturally to find an alternative.
When the West, especially the United States and Britain, finally "awakened" and discovered that some global Southern countries were shaking their hands about packing their gold reserves from the New York Federal Reserve and the London Treasury and turning toward the "new home" of China, they immediately panicked.
Mainstream media such as Bloomberg in October 2025 that China was quietly building a world financial map of “less dependence on Trump and the dollar” through its accumulation of gold reserves.
The United States began to slowly push its own gold backstream, while Britain looked at the gold from London to New York as a shelter.
The total number of returns to Serbia, China’s reserves have surged, the global Southern return wave has become climate, and the “attraction” of the Western treasury has fallen from the peak of the Cold War to today’s “optional rather than preferred.”
Another "option" is who has become increasingly clear. We don't need to be humble that we are not fully prepared yet, but there is no need to underestimate reality.
When more and more countries are willing to transfer gold from the Western financial system, it shows that the track is really turning, and this turn is both a test and an opportunity for us.