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China's Central Bank Increases Its Gold Buying Spree

published on Jun 12, 2019 by Cryptocurrency Australia Favorite
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In today's video, I talk about China's increasing buying spree of Gold for its central bank. I elaborate on by showing examples of how China is placing withdrawal limits of US dollars at its public banks, and how this may be contributing to a capital-flight into Bitcoin as the Chinese economy worsens.

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⛓ Links
https://www.bloomberg.com/news/articles/2019-06-10/china-snaps-up-more-gold-in-six-month-spree-as-tensions-escalate
https://www.zerohedge.com/news/2019-05-07/behind-recent-crypto-surge-chinese-banks-are-quietly-running-out-dollars
https://www.scmp.com/business/banking-finance/article/3008795/chinese-banks-quietly-lower-daily-limit-foreign-currency
https://tradingeconomics.com/china/inflation-cpi

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#Bitcoin #China #Gold

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