[webinarian]

China Taking Over Gold Price      

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[teaserteam]

How does China take over the Gold Price when she is not the largest Gold Reserve Holder?  She might be the largest Foreign Exchange Reserve Holder and was buying 44 tons of Gold in 2023 (less than Turkey @ 61 tons) lately but that is a long way to fill the gap to become the largest Gold Reserve holder who is in a position to fix the Gold price.

https://www.gold.org/goldhub/data/gold-r...by-country

[revealer]

Yes. Just like China has more than 3 Trillion USD of foreign reserves  before and used  to be the largest USD foreign reserve holder in the World but that does not mean China had taken over the pricing of USD.  The price of Gold or USD is determined by supply and demand and not by how much one has in the foreign reserves.

[WhatDoYouThink!]

China as lao er, shouldn't be so powerful in so many things. Its cheap goods already made some ppl angry. Must stay low and be humble