China Likely Stockpiling Gold to Minimize Dollar Dependence

China is likely quietly stockpiling gold in a bid to further minimize its dependence on the US dollar. Central banks globally added nearly 400 tons of gold in the third quarter, according to data compiled by the World Gold Council. This was 300% higher than Q3 2021 and came in as the largest quarterly increase […]

The post China Likely Stockpiling Gold to Minimize Dollar Dependence first appeared on SchiffGold.

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