Why Is China Buying So Much Gold?

Why Is China Buying So Much Gold?

What De-Dollarization Means For Gold, Silver, & Commodities ► https://www.youtube.com/watch?v=Tl_7xYHwx7I

The price of an ounce of gold in Shanghai is now $43 higher than the price of an ounce of gold in London. This price discrepancy is going to create a flow of gold from west to east, as China’s insatiable demand for the yellow metal continues to grow.

But why is China buying so much gold? Well, it almost certainly has to do with their agenda of de dollarization, and it’s quite probable this situation is not going to play out well for the US Dollar’s status as the world’s reserve currency.

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16 thoughts on “Why Is China Buying So Much Gold?”

  1. You can logically predict economics. It has made sense that metals should be going up. But when the powers that be can manipulate prices and trends all us little people can do is guess. 🤷🏼‍♂️

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  2. I bought more silver yesterday from a guy who wanted more gold. He sold it to me $18 an oz. That was a steal. But he bought it years ago when it was cheaper. Love the show and watch everyday bud.

    1. it was, he has more to sell me but wife wouldn’t let me spend more than 1k. I buy silver every week but sometimes she puts her food down. 😆 🤣

  3. ❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine countrygirl2.OnLinE Brünette und eine andere Blondine. Es wäre unfair, wennu ich 4 wählen würde

  4. cherrydoctorpepper7

    The British pound has been dropping a lot in price this year relative to the U.S. Dollar. According to Google, 1 British Pound equals 1.09 U.S. Dollars. We could see those currencies reach equal value soon. Gold and silver could start to go up soon. It is strange that we have high inflation, but the U.S. Dollar is also rising in value relative to foreign currencies.

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