Can’t blame them: China sold a record amount of Treasury and US agency bonds to buy gold in the first quarter

Smart considering how much US #credit there is already, and how much more will need to be created to fund all those wars, politician slush funds, rising interest expenses, roll over of maturing debt, and never mind the great state of the Union, versus physical #gold.#Gold is…

— Jaime Carrasco (@IJCarrasco) May 16, 2024

China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.

Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, according to calculations based on the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period.

www.bloomberg.com/news/articles/2024-05-16/china-sells-record-sum-of-us-debt-amid-signs-of-diversification?utm_source=website&utm_medium=share&utm_campaign=twitter

Chinese stocks have broken OUT!

Are you paying attention? Could prove to be the most hated rally in modern history in case it continues.

More -> t.co/F1dopRMfhF pic.twitter.com/LG7XSoQQcG

— Andreas Steno Larsen (@AndreasSteno) May 16, 2024