China is hoarding the world's gold

www.newsweek.com

112

163

China is hoarding the world's gold

www.newsweek.com

Lee Duna to

World News@lemmy.worldEnglish • 1 year ago

112

China is the world's largest producer of the precious metal, but of late its central bank has been buying up large quantities. So what is it doing with it?

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diprount_tomato
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4•1 year ago
If things got bad they’d have the advantage as gold is a much more trustworthy investment than unbacked currencies
- Lee DunaOP
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  fedilink
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  1•1 year ago
  Yup there’s a reason why the US holding them in Fort Knox

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