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What China Dumping the Dollar Means For Precious Metals
Max Hockley
April 26, 2024
Why would you invest in a currency that’s being devalued?
If you’re freaking out about that, imagine how China feels.
A massive part of their national savings are in US dollars (In the form of treasury bills). And they’re losing value.
Worse than that, the US is a potential adversary!
That’s why China is selling their treasury bills like crazy, and using the money to buy gold. Most analysts think this is one of the big drivers of the gold price.
What could happen is a feedback loop that drives bond yields even lower as China sells theirs off, which, as we covered in last week’s newsletter, will force the US to print even more dollars to pay out interest.
Wanna keep your wealth? Follow China’s lead.
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