China Has Taken over Gold Price Control from the West
Comments ( https://news.ycombinator.com/item?id=39811043 )
https://www.gainesvillecoins.com/blog/pboc-secretly-bought-record-735-tons-of-gold-2023
Discussion
# "Strong covert purchases by the #PBoC reflect hidden #dedollarization...One of the few solutions is to set #interestRates lower than #CPI and let the #debt inflate away, as was done in the aftermath of the Second #WorldWar."