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D W
Cyrus Janssen
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Comments by "D W" (@DW-op7ly) on "Asia’s Top Economist Reveals Shocking SECRET About China In 2024" video.
Yeah I see the guy on FOX news as a expert. Imagine getting paid...and being wrong all these years. I bet there are lots of people still buying his book
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Second, there is the fact that, as well as being the biggest producer, China is the world’s biggest importer. Gold imports via Switzerland and Dubai are not always declared, but we do know that via Hong Kong alone, over 6,700 tonnes have entered the country since 2000. MoneyWeek
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China almost certainly owns more gold than the US – here’s why that matters China almost certainly owns a lot more gold than anyone else – including the USA. But how much? And why does it need so much gold? Dominic Frisby explains. Since 2000, China has mined roughly 6,830 tonnes. Over half of Chinese gold production is state-owned – the China National Gold Group Corporation alone accounts for 20%. And China keeps the gold it mines – the export of domestic mine production is not allowed. I say that number again: 6,830 tonnes. Already that official 1,948 figure looks very dubious. MoneyWeek
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