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Roger Farrell's avatar

In you second paragraph today you say

You have China accelerating its de-dollarization efforts by loading up on gold (and dumping U.S. debt).

referring to the May 23 letter

The country offloaded $53.3 billion worth of U.S. Treasuries and U.S. agency bonds. This is the largest single sale of U.S. debt in its history.

My question is, given there are always two sides to a sale, who has bought this "load" of U.S. Treasuries and U.S. agency bonds and at what unit price?

Who did the Chinese convince it would be a good idea to increase their exposure to the US debt mountain

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Dillon's avatar

I've read a few articles recently of African countries and Asian countries repatriating their gold being held for them by the US and UK. Could this be an indication of them anticipating a world war and the seizure of their reserves like in the book Tower of Basel?

https://gata.org/node/23229

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