Loading ...China’s central bank buys more gold
Wednesday, quoting updated reserve data from China’s central bank, Krishan Gopaul, senior European, Middle East, and Asian markets analyst at the World Gold Council, said the country bought 24.9 tonnes of gold in February.
This is the fourth monthly increase in its gold reserves since China started publishing data in November. Gopaul noted that so far, the PBOC has bought 102 tonnes of gold in this cycle.
China has about 70,000 tons of gold (estimated) right now
25,000 tons privately held
45,000 tons govt held with PBOC
Russia estimated 12,000 tons
Suspected that USA has zero
The new BRICS+ currency will be backed by 20 commodities, and priced in gms of gold, not US dollars … this is what WW3 is really all about
He who has the gold, makes the rules.(In geopolitical terms, he who has the gold, rules the world)