Meanwhile on a different thread they are reporting that China has amassed 40,000 tonnes of gold to fund BRICS.
one tonne = 1.19 US tons
“China’s central bank pauses gold purchases for a fourth month in August”
Chinese invest in property. Real estate is down 30%, so they are suffering.
“Chinese Stocks on Verge of Five-Year Low as Recovery Hopes Fade”
https://finance.yahoo.com/news/chinese-stocks-verge-five-low-031211814.html
Their stock market is at a 5 year low.
They have few investment options. Chinese gov bonds and Gold.
If Gold reverses and heads lower.... Chinese will suffer AGAIN.