running dogs in the CCP ?
how convenient and timely for a communist country in the midst of an ecomomic collapse ?
well then...will they start selling cold certificates or move to a gold backed currency ?
CCP , and communists in general, being soooo honest and trustworthy ,,im gonna go invest right now !!!
not.
i think they are lieing,, just a gut feeling , and a reasonable assumption based on their WTO history.
how long would it take a govt to spend 80 billion dollars?
https://blog.providentmetals.com/how-much-does-it-cost-to-produce-an-ounce-of-gold.htm
A new metric has since been developed by the World Gold Council to report the “all-in sustaining costs” of mining gold. These numbers report that the cost of extracting an ounce of gold is actually over $1,000 per ounce, well above the aforementioned numbers. And since gold is currently trading at just over $1,200 per ounce, it explains why mining companies have had less-than-stellar profits.
It’s a long way from having 1,000 tons of “estimated reserves” to having 1,000 tons of gold bars in a neat stack in front of you.
...worth hardly anything, now that we can make it....
A few ounces of GOLD to help’em along....
China’s 2025 General Public Budget
Expenditure is set at RMB 29.7 trillion ($4 trillion), a 4.2 percent increase, leaving China with an official projected deficit of nearly RMB 5.7 trillion ($779 billion), up approximately 39 percent from the official projected deficit in 2024.
I believe this like I believe their population figures.
Trust the CCP to act like the CCP: they will lie, they will cheat, they will steal, they will murder.
“China finds all the worlds precious metals in it”
All other nations just need to surrender now
Me so hawney, me mine you long time!
Yeah this sounds like horse droppings.
The CCP never lies😎🤡
Dad Rose (Mining in Alaska 1899-1900, Denver Post, August 10, 1902 - by Jack Bell
If you believe that you will change your USD retirement fund into Chinese Minrenbi.
The Spanish with their treasure fleets also caused gold to inflate across Europe.
Gold, or one of those “special” Chinese alloys made to appear to be gold?
The more gold there is available for people to buy then the less it is worth. Supply and demand.
Just in time for the great reset. The BRICS are going to try to replace the dollar with gold next month. Or yuan. Or something