China has been buying like crazy in the last year as their economy has been weakening. Not likely to sell gold. They don’t need it for liquidity. Their central bank creates money like ever other one.
“China has been buying like crazy in the last year as their economy has been weakening. Not likely to sell gold. They don’t need it for liquidity. Their central bank creates money like ever other one.”
The Chinese have been curbing their holdings in US Treasurys. They’ve got over a trillion dollars of them. I’d think they’d dump those before gold. In fact, selling them to buy gold might be a good idea to them.
You realize they are being squeezed by a liquidity vice, right?