Replying to Avatar Carl B Menger

BREAKING: Chinese Investors Are Fleeing Fiat, Piling Into #Gold at Record Pace

China’s gold ETF inflows have more than doubled in the last 12 months, fueling a 38% surge in gold prices.

From retail to the central bank—China has never bought more gold.
a6
unknown 7mo ago

Seems China is hedging with gold while the US is hedging with bitcoin. Either way both are fleeing fiat and TradFi. 🤔 interesting times we live in

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Chris Krause 7mo ago

The difference is, that the US didn't buy any Bitcoin as of yet.

a6
unknown 7mo ago

I was thinking about the general population but you’re right. The Chinese government has been buying literal tons of gold.