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?
  • Bartsbigbugbag@lemmy.mlEnglish
    228·
    2 years ago

    Not to mention the large amounts of other countries gold that we hold and decide to keep permanently whenever a country makes us upset. We’ve stolen so many countries reserves, after FORCING many of them to store their reserves in the US.

      • Bartsbigbugbag@lemmy.mlEnglish
        11·
        2 years ago

        In August the Taliban seized control and the former government collapsed, leaving behind just over $7bn in central bank assets deposited in the US Federal Reserve bank in New York. As Afghanistan’s top officials, including the president and central bank governor, fled the country, the Fed froze the account as it was unclear who was legally authorised to access the funds.

        Source on freezing foreign gold held in U.S. Reserve. I misspoke as to them seizing it, I haven’t been able to find anything to confirm that, I must have misremembered, sorry.