PBoC Gold Conduit Revealed—Chinese Central Bank Did Not Stop Buying Gold in May
No, as suspected, China didn’t stop buying gold in May & June. They wanted less competition and were looking for lower prices.
Something the author didn’t mention, but was one of the reasons I said at the time that I didn’t believe the reports, was that around that time, China told it’s citizens to stop buying gold and buy silver instead. They didn’t want to compete with the buying of their +1billion citizens getting in their way and driving up prices. https://www.gainesvillecoins.com/blog/pboc-gold-conduit-revealed-chinese-central-bank-did-not-stop-buying-gold-in-may