World News@lemmy.worldEnglish · 1 year ago

China is hoarding the world's gold

www.newsweek.com

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China is hoarding the world's gold

www.newsweek.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 1 year ago

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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wahming@monyet.cc
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1 year ago
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
- nutsack@lemmy.world
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  1 year ago
  so… actually the federal reserve is hoarding the world’s gold

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