China is the world's largest producer of the precious metal, but of late its central bank has been buying up large quantities. So what is it doing with it?
That makes more sense… they historically (culturally?) value jewelry over money due to the economic fluctuations that have occurred over time. Oftentimes they rely on precious metals for savings as it holds value better.
Add to the fact that there’s over a billion ppl it stands to reason they may have accumulated more gold than most countries.
But idk where fort Knox stands in comparison, so maybe USA has more gold even so.
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That makes more sense… they historically (culturally?) value jewelry over money due to the economic fluctuations that have occurred over time. Oftentimes they rely on precious metals for savings as it holds value better.
Add to the fact that there’s over a billion ppl it stands to reason they may have accumulated more gold than most countries.
But idk where fort Knox stands in comparison, so maybe USA has more gold even so.