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Wednesday, December 04, 2019

Gold reserves, Russia and China stockpiling

Some interesting trend here, gold reserves in tonnes.
The US is the world's leader, followed by Germany. But see the other trend...

 https://tradingeconomics.com/country-list/gold-reserves



Is this part of the Russia-China "de-dollarization" moves? Instead of buying more US government bonds, they purchase and stockpile more gold? Interesting to watch.

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