Traditionally insurance invested in bonds, stocks and property. This could put up to a reported $25 billion into the gold market:
Should help push up the price of my gold 
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Do not forget that China desperately needs cash, and the “pilot program” is testing out how much cash China can get from its gold with prudent selling.
Don’t forget:
{ With an estimated reserve of 1,100 tonnes valued at $83 billion, this marks one of the largest gold finds in history. Unearthed in the Wangu gold field, the deposit’s high-quality veins have reignited conversations about gold’s role in the global economy, bullion markets, and as a hedge for investors. }
83B (Billion).
Does that seem like small potatoes WRT China’s GDP… 18T (Trillion) in 2024?
https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/
That gold is still in the ground, too.
ralph
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