# Central Banks Are Doing This Again...
**Date:** 2026-08-05  
**Source:** [YouTube](https://www.youtube.com/watch?v=uZxo80CT_RQ)

## Main Thesis
Central banks, specifically South Korea and China, are accumulating physical gold and keeping it domestically, signaling a potential major shake-up for the central banking world and fiat currencies over the next 6 to 12 months.

## Charts & Technical Analysis

### 1. Physical Gold (None)

**Bias:** BULLISH
**Historical Comparison:** South Korea's Central Bank is buying physical gold for the first time since 2013.

The main focus is on the news that South Korea's Central Bank is buying physical gold again for the first time since 2013. The plan is to purchase domestically produced gold, with annual buying expected to be around 40 to 45 tons, matching local production. This is part of a broader trend, with China and other countries also buying and retaining their local gold production, sometimes blocking it from being exported. Additionally, China is setting up a Hong Kong physical gold exchange, which is seen as another sign of a potential shake-up in the world of fiat currencies.

## Regime / Cycle Analysis
The analysis points to a potential regime shift in the central banking world. The key observation is that multiple central banks (South Korea, China, and others) are actively accumulating physical gold, retaining domestic production, and in China's case, establishing a new physical gold exchange in Hong Kong. This collective action is presented as a move that could challenge the dominance of fiat currencies.

## Key Calls & Predictions
- A major shake-up in the central banking world and fiat currencies could be coming.
- This is a developing story that is expected to play out over the next 6 to 12 months.

## All Instruments Mentioned
Physical Gold, Fiat Currencies

---
*Generated by FX Evolution Monitor on 2026-08-07 23:01:31*