China is hoarding the world's gold
China is hoarding the world's gold
www.newsweek.com 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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97 comments
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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
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so... actually the federal reserve is hoarding the world's gold
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Now that is obviously different. Obviously.
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When the Federal reserve did it, I bet it wasn't called hoarding.
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it was called patriotism! the founding fathers would have wanted us to horde gold.
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Collect gold. Not hoard. Haven't you been listening?
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97 comments