China is hoarding the world's gold

www.newsweek.com

139

China is hoarding the world's gold

www.newsweek.com

Lee Duna to

World News@lemmy.worldEnglish • 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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@wahming@monyet.cc
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24•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
- @nutsack@lemmy.world
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  30•1 year ago
  so… actually the federal reserve is hoarding the world’s gold
  - RBG
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    16•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.

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