China Just Bought Gold at RECORD LEVELS | Massive Dollar Devaluation Coming
China has been buying a lot of gold in recent years for a number of reasons. One of the main reasons for China's large purchases of gold is to diversify its foreign reserves, which are currently heavily concentrated in U.S. dollar-denominated Treasury bonds. This concentration leaves China vulnerable to changes in the value of the dollar and gives it less control over its own economy. By buying gold, China can reduce its reliance on the dollar and gain more independence.
As of 2019, China's foreign reserves were reported to be around $3 trillion, with only 2.5% of that amount being gold. This is relatively low compared to other countries, and China has been working to increase its gold reserves in recent years.
Central banks around the world continue to buy gold as a way to protect against economic uncertainty and maintain a stable reserve of value. This is particularly important for countries like China, which has a large and growing economy and wants to have more control over its own financial system. Buying gold can help to achieve this goal, as it provides a stable and reliable asset that can be used to help weather economic storms.
"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost." - Ben Bernanke.
A strong economic relationship between China and Saudi Arabia is important for both countries. For China, Saudi Arabia is a key source of oil, which is essential for its growing economy. A strong economic relationship with Saudi Arabia allows China to secure a stable and reliable supply of oil.
In addition, China wants to reduce its dependence on the US dollar, and Saudi Arabia is one of the key countries that China is looking to for alternative sources of trade and investment. For Saudi Arabia, a strong economic relationship with China provides access to a large and growing market for its oil exports.
Additionally, Saudi Arabia is looking to diversify its economy and reduce its reliance on oil exports, and a strong relationship with China can provide opportunities for investment and collaboration in other industries.
TOPICS AND TIMESTAMPS:
China Mystery Buyer 0:00
China On The Move 7:50
Economy and Recession 12:26
—————————————————————————————————
💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈
—————————————————————————————————
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
—————————————————————————————————
Buy GOLD and SILVER from Miles Franklin:
Call 1-888-81-LIBERTY (Tell them The Money GPS sent you)
—————————————————————————————————
Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2022
—————————————————————————————————
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
#money #inflation #investing
-
12:35
The Money GPS
6 months ago $0.24 earnedThe Economy is MELTING DOWN and Here’s What You Need To Know
5285 -
5:45
Game Developer
1 day agoHow To Become A Game Dev (While Working A Full Time Job)
40.5K15 -
4:16
ryanhoguepassiveincome
1 day agoElevate Amazon Ads brand content with your Brand Store
43.5K4 -
16:19
RealReaper
22 hours agoThe Acolyte Is Unwatchable
37.4K48 -
11:29
Ethical Preparedness
17 hours ago2 EASY Ways: Make Insect Bite & Sting Medicine - Medical Prepping for SHTF - Natural Medicine
47.3K7 -
15:52
JoBlo Horror Originals
1 day agoThe Watchers Review: Shyamalans Sure Do Love Their Twists
44.8K4 -
31:49
MichaelBisping
1 day agoBISPING & ANIK: Is Conor McGregor INJURED?! | Who Could Replace Him? | What's next for Poirier?
50.5K8 -
16:00
Space Ice
23 hours ago'Resident Evil: Retribution' Is So Bad It's Like Looking Into A Mirror - Worst Movie Ever
52.6K18 -
23:59
Degenerate Plays
19 hours agoThe Denny's Dictator Impresses Women - Call Of Duty Modern Warfare Remastered : Part 5
36.1K1 -
1:13:51
Blue Siesta ASMR
1 day agoASMR Sims 4 Gameplay | New Roommates Move in Tiny House | already dating? 😱 Soft Spoken
30.2K4