China has reduced its holdings of U.S. Treasury securities to $659 billion, the lowest level since 2008. Compared to its historical peak, it has now sold approximately $663 billion worth of U.S. government debt.
At the same time, the People’s Bank of China continues to aggressively accumulate gold. It has increased its gold reserves for 20 consecutive months, with the total value of its gold holdings now reaching approximately $303 billion.
Do you still trust the current market price of gold and silver and panic sell, or do you put more trust in what the world’s largest economies are doing?
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