As gold prices drop, the West is selling its stores and the East is buying it up. More than 527 tons of gold have been removed from the Federal Reserve Bank of New York and the Bank of England since the end of April. At the same time, China hit a four-year high for gold imports in August. If the West does not want its gold, China is more than willing to take it.
You can see a trend here …
HT @BankerWeimar pic.twitter.com/WH5qCQ6DkB — Wall Street Silver (@WallStreetSilv) October 19, 2022
Read more at “China Wants America’s Gold”