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Why is China hording the barbaras relic? A brief note....
It is about several things. Taken together it is to depreciate the US Dollar. Which is great for gold!
What are these things?
Declining Chinese Yuan, a Chinese property sector slump, global economic uncertainty, trade tariffs, selling off of US Treasuries, and a general risk diversification strategy.
The Chinese play the long game and this is part of it.
Editor's Note: We also have the world getting tired and rid of the fiat USD Bretton Woods system, which only empowered the U.S., while preventing other financial systems from thriving.
That is change and gold will be part of whatever currency we have in the future.
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