China dumps $50B US bonds, buys $25B gold annually; reserves flip by 2026. Gold re-emerges in global finance.
China sold $50B of US bonds last quarter.Officially, they buy $25B of gold per year.At that rate, they’ll flip reserves by 2026.They will hold more gold than Treasuries. https://t.co/lZ8D253KoL — Balaji (@balajis) June 2, 2024 Chinese state media is explicit about their goal: reduce dependence on US debt and acquire gold instead[1]. The math on …