Newsweek on Nostr: nostr:note1h5csmc8eatf5ts3d8l6jcntkzmt2h4g0fahsx8qy9zuus8rae5squmxeaf

quoting note1h5c…xeaf

China's Gold Reserves and the Potential Impact on the US Dollar
===============
#9f051475 ver:0.21

China's aggressive acquisition of commodities, including gold, raises concerns about the potential impact on the US dollar. China's central bank has been buying gold for 17 consecutive months, potentially challenging the dominance of the US dollar as the world's reserve currency. This move could be a strategic hedge against currency devaluation and a precautionary measure in the event of conflict over Taiwan. The implications would be significant, affecting global trade relations, markets, inflation, debt servicing, and foreign investment flows. The outcome could have far-reaching effects on the global economy and trade relations. #China #gold #USDollar #globaltrade...

#newstr #China #GoldReserves #UsDollar #ReserveCurrency #Brics #CentralBanks #GoldbackedCurrency #Hyperinflation

https://here.news/story/9f051475?ver=0.21