Interesting move from the People's Bank – they just hit their 13th consecutive month of gold buying. That's over a year of steady accumulation.

What's the play here? Hedging against dollar volatility? Diversifying reserves away from US treasuries? Or maybe signaling something bigger about where they see the global financial system heading?

Either way, when major central banks keep stacking gold for this long, it usually means they're preparing for something. Worth watching how this plays into the broader "digital gold" narrative too.