November 23, 2022・Key Gold Headlines
China Likely Stockpiling Gold to Minimize Dollar Dependence
China is likely quietly stockpiling gold in a bid to further minimize its dependence on the US dollar.
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China is likely quietly stockpiling gold in a bid to further minimize its dependence on the US dollar.
China appears to be chipping away at dollar dominance. While there is no indication that the dollar is in imminent danger of toppling from its perch as the global reserve currency, more central banks are warming up to the yuan.
Is the US losing its grip on the world? And could the dollar ultimately be dethroned from its spot as the world’s reserve currency? We’ve reported extensively on countries working to undermine dollar hegemony and reduce the United States’ ability to weaponize the dollar as a foreign policy tool, along with the global gold rush on […]