Expert Says China’s New Gold Hubs Signal a Time-Zone Power Shift

The Shanghai Gold Exchange’s offshore vault push has shifted the center of gravity in bullion—and Dr. Nomi Prins says Washington can feel the wobble.

Eastbound Bullion: Hong Kong to Dubai Vaults Rewrite the Playbook

China’s bullion strategy is no longer a whisper; it’s a declaration with keys and steel doors in Hong Kong, Singapore, Zurich, and Dubai. During a sit-down interview with ITM Trading’s Daniela Cambone, former Goldman Sachs managing director Dr. Nomi Prins dropped the mic, calling it a “time zone tilt, a geographical tilt, a power tilt.”

Her point is simple: custody equals clout. When storage migrates East, so do influence, liquidity, and leverage. The founder of Prinsights Global insists that central banks have noticed, too.

Prins traces the arc back a decade to China’s addition to the IMF’s Special Drawing Rights basket, followed by steady gold accumulation and a slowdown in U.S. Treasury purchases. The vault build-out is the physical capstone to that strategy.

Hubs in friendly time zones create round-the-clock market depth and “jurisdictional neutrality,” Prins told Cambone, giving countries a place to stash metal outside Western policy reach. That appeals to BRICS members and energy producers alike.

Quality isn’t the trade-off. Prins expects high-grade bars to move through these venues, rivaling London’s standards while siphoning flows toward Asia and the Middle East. More demand plus more metal locked away is a recipe for firmer prices.

“The Shanghai Gold Exchange and the other mechanisms that China’s been building and investing in will also have a very high-quality, high-grade of gold. They’re not actively interested in competing with low-grade,” Prins explained to Cambone.

The Prinsights Global founder added:

“So what that’s going to do is generally increase the trading of high-quality gold around the world—in terms of time zones, in terms of physicalities, in terms of storage.”

She argues the West sees the shift but is late to adapt. The United States holds a hoard, yet it doesn’t wield gold as a central-bank tool the way China and Russia do. Sanctions since 2022 have hastened the rethink on reserves.

Add supply lines to the mix. Chinese institutions have been backing mining projects, tightening their grip on future output as retail demand broadens at home. That’s not a master plan, Prins says, but an unmistakable strategy.

On price, Prins says the setup is bullish: more buyers, thinner float, and new venues to trade mean an upward bias. She’s lifted her gold target to $4,500 by the turn of the year, with silver potentially sprinting to $60 on industrial tailwinds.

Bottom line: custody is policy. If gold keeps pivoting East, the map of monetary power will follow—and the West must decide whether to chase, compete, or change the rules.