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 Originally Posted by ynot
Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.
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Originally Posted by Bjauck
Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.
Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
The big driver also being China wanting to weaken/break US reserve currency foothold.
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Originally Posted by ynot
Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
The big driver also being China wanting to weaken/break US reserve currency foothold.
I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.
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Originally Posted by Bjauck
I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.
Based on what they are estimating, It appears like pboc are holding around $us378,000,000,000. in gold. That's above whatever the population is holding.
Last edited by ynot; 23-03-2024 at 01:45 PM.
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