China Just Bought Gold at RECORD LEVELS | Massive Dollar Devaluation Coming

China has been buying a lot of gold in recent years for a number of reasons. One of the main reasons for China's large purchases of gold is to diversify its foreign reserves, which are currently heavily concentrated in U.S. dollar-denominated Treasury bonds. This concentration leaves China vulnerable to changes in the value of the dollar and gives it less control over its own economy. By buying gold, China can reduce its reliance on the dollar and gain more independence.

As of 2019, China's foreign reserves were reported to be around $3 trillion, with only 2.5% of that amount being gold. This is relatively low compared to other countries, and China has been working to increase its gold reserves in recent years.

Central banks around the world continue to buy gold as a way to protect against economic uncertainty and maintain a stable reserve of value. This is particularly important for countries like China, which has a large and growing economy and wants to have more control over its own financial system. Buying gold can help to achieve this goal, as it provides a stable and reliable asset that can be used to help weather economic storms.

"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost." - Ben Bernanke.

A strong economic relationship between China and Saudi Arabia is important for both countries. For China, Saudi Arabia is a key source of oil, which is essential for its growing economy. A strong economic relationship with Saudi Arabia allows China to secure a stable and reliable supply of oil.

In addition, China wants to reduce its dependence on the US dollar, and Saudi Arabia is one of the key countries that China is looking to for alternative sources of trade and investment. For Saudi Arabia, a strong economic relationship with China provides access to a large and growing market for its oil exports.

Additionally, Saudi Arabia is looking to diversify its economy and reduce its reliance on oil exports, and a strong relationship with China can provide opportunities for investment and collaboration in other industries.

TOPICS AND TIMESTAMPS:
China Mystery Buyer 0:00
China On The Move 7:50
Economy and Recession 12:26

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Buy GOLD and SILVER from Miles Franklin:
Call 1-888-81-LIBERTY (Tell them The Money GPS sent you)

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Sources Used in This Video:

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#money #inflation #investing

[markroberts]

I don't even bother watching the so-called Financial channels on TV anymore. Their segments are too short and often have conflicting views. I'll stick with people I trust! Keep on doing what you're doing

[SillyLittleAshTree]

THE TRUTH ❤ INSIDE THE MONEY ❤ THE MONEY GPS

[adonaiblackwood]

Gold..BRICS..War.. 😢 this is all one big set up

[kesiagonzalez]

Thank you David! Always hit the like button. 👍

[ericmadsen]

David, I find every video informative. Thanks for the free education.

[becomewater]

Killed it again.. across the board! Great job covering these major moves on the chess board of big government

[steltoronto]

Excellent video David thank you once again very informative. 😊👌

[pauljbusby]

The 4 Week Bond is now worth less than the FED's official cash rate right now. This means its only 1 month away from blowing up

[ibji]

China would like to thank all those who participate in the price suppression of gold during their period of physical accumulation.

[mickeylickey]

Gold for oil coming up. Buy gold peeps

[josefIL]

Everyone sitting in fiat ponzi will get crushed.
Rightfully so!

[anthonytwohill]

We all know what happened in Libya when Gaddafi wanted to start a gold backed Dinar for all of Africa...

[charleswilson]

If the US have 8000 tons. I have 1 million tons.

[peterbeer]

We have no clue what the Russia-Ukraine war will do, how long it will last or how much worse it get's. China is still not pressuring Russia to abandon it and we risk them selling chips that will be used to produce weapons. So, The Dutch have no choice but to deny China access to Chip making infrastructure, there is simply too much risk. It's also not possible for China to destroy Taiwan chip manufacturing because that is what they are in need of and when destroyed, they still gain nothing.

[arturoguerra]

Could be that the logistic pressure decline is a secondary effect of the massive layoffs?

[GoldenAuraLife]

America has been a bully for years (Im American) and no one wants to admit that. We go bomb places with no real explanation, and demanded countries to follow our "rules" when we heavily rely on them. Most Americans dont have basic homestead skills anymore so this recession is going to hit many very hard. There is also urban-homestead before anyone wants to argue. Also I keep seeing Americans post about gold but not including Africa in their lists. Africa has 40% of the worlds gold. Because of the hatred from slavery non colored Americans still hold towards black/African people generations later I BET Russia and China are going to build a relationship with Africa because of how much gold, platinum and other metals they hold. We (the US government) did this to ourselves.

[Vasilisa]

Amazing video and thank you for breaking it down!!
Despite the economic downturn, I'm so happy😊I have been earning $ 60, 000 returns from my $7, 000 investment every 12days

[stijndeconinck]

Massive Dollar Devaluation Coming - How does this play out against the dollar milkshake theory?

[flyguy]

US has 8000 tons? How do we know this! No audit has been done since 1950’s

[Pax_Veritas]

Gold and silver prices are confusing me lately. Gold is pretty much stable, down 3.5% (USD) in the last 6 months but up 0.35% YoY, yet the popular items are sold out regularly at the major mints and 3rd-party sellers. Retail demand is high but I've heard that gold whales have been selling literal tonnes of their reserves, which seems odd to me. I like gold and silver and physically own the stuff but it's not beating inflation. I hope those reports are true and it heads to $3600 from the $1787 it is today.