China is hoarding the world's gold
China is hoarding the world's gold
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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Flying Squid @lemmy.world
I'd like you to tell me a better way for Xi to swim around in a giant moneybin like Scrooge McDuck.
9 1 ReplyTokenBoomer @lemmy.world 5 26 ReplyFlying Squid @lemmy.world
Sure. And Trump gave his presidential salary to charity.
31 1 Replyremotelove @lemmy.ca
When you are a dictator, you don't need a salary.
13 1 ReplyTokenBoomer @lemmy.world Exactly.
3 4 Reply
Daefsdeda @sh.itjust.works This is actually, literally, propaganda. Almost fun to read because of how obvious it is.
4 1 ReplyTokenBoomer @lemmy.world I’m glad you recognize that, now apply it to western media. There is a huge global protest today. And hardly a whisper from American media.
6 7 Replyrbesfe @lemmy.ca global protest website only mentions American cities
Never change, America
5 0 ReplyTokenBoomer @lemmy.world That’s the big one on Washington. I don’t think they are coordinated other than the date. There’s one in London.
1 1 Reply
Hereforpron2 @lemmynsfw.com So you're anti-propaganda and globally aware, but still spreading CCP propaganda? Why share this article of you want people not to believe in political deception?
5 3 ReplyTokenBoomer @lemmy.world Not my post.
3 5 ReplyHereforpron2 @lemmynsfw.com But it is your comment, the even more propagandistic one about Xi's humble, laudable, selfless annual salary
3 1 ReplyTokenBoomer @lemmy.world I was responding with a source to show money has less meaning in socialism. We tend to view China through a capitalist lens. They have different priorities and goals.
2 3 ReplyHereforpron2 @lemmynsfw.com Not really. Globally, money still brings power. They have incredibly capitalistic international trade and relations.
1 0 ReplyTokenBoomer @lemmy.world Globally, because capitalism currently runs the world. But not internally. Billionaires regularly have their capital reappropriated.
1 3 ReplyHereforpron2 @lemmynsfw.com And the article you're commenting on is about their global share of gold. So, rather than just propagandistic, I guess your pro-China rhetoric is also irrelevant here.
1 0 Reply
NaibofTabr @infosec.pub On the books
3 1 ReplyTokenBoomer @lemmy.world Do people realize communism is moneyless, because from the comments I’m not sure they realize the goals of socialism?
3 2 ReplyNaibofTabr @infosec.pub If you think Xi isn't hoarding wealth for himself and his cronies you're delusional.
4 0 ReplyTokenBoomer @lemmy.world Source? Why would he? He doesn’t need to, he’s President for life. What’s he gonna buy? Graceland?
1 2 Reply