The Buying Spree That Won’t Stop If you think China’s just dabbling in gold here and there, think again. Even when the headlines say their buying has “slowed,” their central bank is still stacking precious metals like it’s preparing for a monetary doomsday—and maybe that’s exactly what they see coming. Let’s break this down in plain English. The People’s Bank of China added another 2 tonnes of gold in June, making this the eighth month in a row of gold accumulation. Sure, that’s a notch down from the 10.3 tonnes they grabbed in December or the 5 tonnes in January, but let’s not kid ourselves—this is still a colossal bet against the dollar. So far this year, China’s gold hoard…
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