China’s buying gold because they’re backing the yuan with it for oil purchases with Russia. See Shanghai gold exchange. They’ve slayed the petro dollar.
I understand that Chinese Renimbe has lower interest rates than the US$. I understand China has been expanding their money supply without any backing even more than the USA so perhaps borrowing yuan is a good deal as they should have more inflation later.
China’s buying gold because they’re backing the yuan with it for oil purchases with Russia. See Shanghai gold exchange. They’ve slayed the petro dollar.
I understand that Chinese Renimbe has lower interest rates than the US$. I understand China has been expanding their money supply without any backing even more than the USA so perhaps borrowing yuan is a good deal as they should have more inflation later.