World [email protected]English • 1 year ago

China is hoarding the world's gold

www.newsweek.com

157

China is hoarding the world's gold

www.newsweek.com

World [email protected]English • 1 year ago

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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@[email protected]
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34•1 year ago
From the article:

Its gold reserves are estimated to be 2,113 tonnes as of July—the fifth largest behind the Federal Reserve’s 8,133
- @[email protected]
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  44•1 year ago
  so… actually the federal reserve is hoarding the world’s gold
  - RBG
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    19•1 year ago
    Now that is obviously different. Obviously.
    - bobalot
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      8•1 year ago
      It’s different when white people do it, bro.
  - @[email protected]
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    10•1 year ago
    When the Federal reserve did it, I bet it wasn’t called hoarding.
    - @[email protected]
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      11•1 year ago
      it was called patriotism! the founding fathers would have wanted us to horde gold.
      - El Barto
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        0•1 year ago
        Collect gold. Not hoard. Haven’t you been listening?

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