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Andy Mukolo

China’s Insatiable Demand for Gold Explained

Gold China Oil GCC Xi Jinping

China's appetite for gold continues to grow. In 2022, China was the world’s largest gold producer. In addition, the People’s Bank of China (PBoC) continues to add gold to its reserves, taking the total central bank gold reserves to 2,050t at the end of February 2023.

The country's massive gold stash suggests we could be on the cusp of a radical change in the global monetary system.

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One subscription that gives you access to news from hundreds of sites

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