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Tuesday, Oct 20, 2020

Could China be holding 20,000 tons of gold?

China has become one of the world's biggest buyers of gold, adding more than 100 tons of bullion to its coffers this year amid the trade war with the United States.
“If they announce just part of that I think that the dollar would be toast.”

Beijing would rather take the financial nuclear option in the trade war, Macleod says, noting that “US is backing it into the corner on that.”

China’s exports to the US “become less and less as Beijing realizes that the only hold that America has really got on her is China’s export market in America.”
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