China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar - SchiffGold.com
China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
China bought 7 tonnes of gold in September — its eighth consecutive month adding to reserves. When you're sitting on $3 trillion in Treasuries while Washington runs a 6% GDP deficit and the Fed has raised reserve rates to 3.90%, gold isn't a hedge, it's a counter-party downgrade.