BAD NEWS FOR GOLD - CHINA
DUMPING DOLLARS, STACKING GOLD
China is making big moves in the financial world.
They are selling US Treasuries fast - their holdings are now $682.6 billion, the lowest in 18 years. Since 2013, they've cut over $600 billion in US debt!
At the same time, China is doubling its gold reserves, now at an all-time high of 74.1 million ounces. This shows a clear strategy: moving away from dollar assets and investing in hard assets like gold.
