RE:Is 300t mystery purchase a CB bet on currency chaos It's no mystery that China and the Saudi's might be looking for foreign currency reserves that are beyond the reach and effect of sanctions levied by the USA and NATO or EU partners.
This is a progressive decoupling of the attempt to have a near-universal global trade treaty under GATT, and a financial system to match overseen by the World Bank, IMF, IBRD etc.,. The rats are trying to scurry away from the USD and Pax Americana. Expect greater volatility in international markets and we should see a corresponding interest in the wealth of Kings and the common man since time immemorial, the fiduciary par excellence, lustrous, rare, non-corrosive, ductile, beautiful gold.
Of which TC a holds a bundle!
cg