Topic: China is stocking up on gold - page 3. (Read 1672 times)
The Chinese are wise. A huge bottleneck in gold supply is coming up, and the market prices are going to zoom up very soon. Anyway, investing in gold is much better than investing in the Chinese Yuan (which is no better than toilet paper).
the economical collapse is something that is more like a hot topic and it always stays a hot topic, like a theory that never happens in reality.
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time
China as well as Russia has been buying gold in massive amounts for a few years already. So it is an old news really. Why they are doing that is also straightforward enough. They are most certainly moving their reserves from pure currency oriented to mixed type reserves, where currencies such as the US dollar and Euro make only a certain percentage of the grand total. It could be said that they are trying to get away from the possible repercussions should the dollar or euro collapse or get seriously devalued...
In other words, gold is giving them a safety cushion of sorts
I already read this topic over 2 years ago and I think they prepare in the case the worst situation could happen. I see it like a diversification of China and Russia in the case of the extreme devaluation like you said of the US and EURO.
the economical collapse is something that is more like a hot topic and it always stays a hot topic, like a theory that never happens in reality.
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time
China as well as Russia has been buying gold in massive amounts for a few years already. So it is an old news really. Why they are doing that is also straightforward enough. They are most certainly moving their reserves from pure currency oriented to mixed type reserves, where currencies such as the US dollar and Euro make only a certain percentage of the grand total. It could be said that they are trying to get away from the possible repercussions should the dollar or euro collapse or get seriously devalued...
In other words, gold is giving them a safety cushion of sorts
the economical collapse is something that is more like a hot topic and it always stays a hot topic, like a theory that never happens in reality.
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time.
but economy collapse is another matter, and that can affect bitcoin price too. because people will start investing in other things and what else is better than bitcoin.
but if this is true and China is really starting to stock up on gold, then it would affect gold price greatly not bitcoin. because it is increasing the demand for gold and also hyping it up at the same time.
but economy collapse is another matter, and that can affect bitcoin price too. because people will start investing in other things and what else is better than bitcoin.
i Think is not big effect in bitcoin price
china replace capital devisa from USD to gold
because response about donald trump say not import or reduce import from china
china replace capital devisa from USD to gold
because response about donald trump say not import or reduce import from china
I just saw this. This is old but its still relevant I think. When this kinds of topics are released more in the news, we all already have an inkling that another economic collapse will happen soon. What do you think will this do to BTC? Is it still relevant to BTC?
China To Replace Dollar System With Gold Standard
http://yournewswire.com/china-to-replace-dollar-system-with-gold-standard/?utm_source=grc&utm_medium=relatedcontent
China To Replace Dollar System With Gold Standard
http://yournewswire.com/china-to-replace-dollar-system-with-gold-standard/?utm_source=grc&utm_medium=relatedcontent
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