China Just Bought Gold at RECORD LEVELS | Massive Dollar Devaluation Coming


China has been buying a lot of gold in recent years for a number of reasons. One of the main reasons for China’s large purchases of gold is to diversify its foreign reserves, which are currently heavily concentrated in U.S. dollar-denominated Treasury bonds. This concentration leaves China vulnerable to changes in the value of the dollar and gives it less control over its own economy. By buying gold, China can reduce its reliance on the dollar and gain more independence.

As of 2019, China’s foreign reserves were reported to be around $3 trillion, with only 2.5% of that amount being gold. This is relatively low compared to other countries, and China has been working to increase its gold reserves in recent years.

Central banks around the world continue to buy gold as a way to protect against economic uncertainty and maintain a stable reserve of value. This is particularly important for countries like China, which has a large and growing economy and wants to have more control over its own financial system. Buying gold can help to achieve this goal, as it provides a stable and reliable asset that can be used to help weather economic storms.

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” – Ben Bernanke.

A strong economic relationship between China and Saudi Arabia is important for both countries. For China, Saudi Arabia is a key source of oil, which is essential for its growing economy. A strong economic relationship with Saudi Arabia allows China to secure a stable and reliable supply of oil.

In addition, China wants to reduce its dependence on the US dollar, and Saudi Arabia is one of the key countries that China is looking to for alternative sources of trade and investment. For Saudi Arabia, a strong economic relationship with China provides access to a large and growing market for its oil exports.

Additionally, Saudi Arabia is looking to diversify its economy and reduce its reliance on oil exports, and a strong relationship with China can provide opportunities for investment and collaboration in other industries.

TOPICS AND TIMESTAMPS:
China Mystery Buyer 0:00
China On The Move 7:50
Economy and Recession 12:26

—————————————————————————————————

💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈

—————————————————————————————————

LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU

SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9

—————————————————————————————————

Buy GOLD and SILVER from Miles Franklin:
Call 1-888-81-LIBERTY (Tell them The Money GPS sent you)

—————————————————————————————————

Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2022

—————————————————————————————————

The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
#money #inflation #investing

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<