American Creek Resources Ltd V.AMK

GOLD - Buying by China

[Stockmoves1]

China buys £135B stockpile of gold raising Taiwan invasion fears©Russian Defence Ministry/AFP via

China is buying up gold at record rates in a move experts claim could mean it is preparing to safeguard its economy against Western sanctions ahead of a possible invasion of Taiwan. The Central Bank launched its gold-buying spree in October 2022, accumulating hundreds of tonnes of the precious metal in the past 18 months.

China buys £135B stockpile of gold raising Taiwan invasion fears©Bloomberg via Getty Images

A World Gold Council report said China now holds a stunning 2,262 tonnes of gold worth roughly $170.4 billion (£135 billion) - and Beijing in the meantime has offloaded more than $400 billion worth of US Treasury bonds since 2021. There is also speculation that China holds significantly more gold reserves than the officially announced total. The concerted effort to invest in the historically stable asset while dropping huge amounts of US debt has led analysts to suggest China is seeking to reduce its dependency on the American dollar, which in turn would mitigate the impact of any Western-imposed economic sanctions.

for reasons like this Gold will not only see 3k but likely closer to 10k over the next 10years .. 

[paydirtontario]

BRICS doesn't care about US sanctions  2262 tons is lowballed huge