• News Categories
    ▼
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

T-Room

The Best in Alternative News

  • News Categories
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

May 15, 2023 at 8:00 pm

China Sells US Debt, Stockpiles Gold Amid De-Dollarization Trend…

Gold_currency
ParlerGabTruth Social

by Svetlana Ekimenko at Sputnik International

China has been boosting its gold bullion reserves, while selling US Treasury debt, according to a report on Baijiahao.
China’s Central Bank has been accumulating gold reserves, with the Asian powerhouse boasting official gold holdings of 66.76 million ounces – an increase of 260,000 ounces from the previous month. Official figures show that previously, between September 2019 and October 2022, China’s gold reserves remained unchanged, and only November 2022 saw Beijing start bulking up on the precious metal.
Gold has become a safe haven and go-to choice for investors, with spot gold up 0.3% at $2,045.79 per ounce on May 4, just $27 below the all-time high of $2,079.67 per ounce. Other countries besides China have also embraced the gold frenzy, with data from the World Gold Council revealing that in the first quarter of 2023, global central banks increased their gold holdings by a total of 228 tons.
The People’s Republic of China (PRC) has been accumulating gold by selling off US Treasuries amid higher dollar interest rates and a volatile international environment, using the greenbacks to invest in the precious metal. US Treasury Department data released in March showed that China’s holdings of Treasury debt had dropped to $859.4 billion in January 2023, declining for the sixth straight month…
ParlerGabTruth Social
Continue Reading
This website lives off the kindness of your donations. If you would like to support The T-Room please visit our PayPal.

Editor’s Picks

Incredible Story: Hero Dad Dives into Sea to Save Daughter Who Fell from Disney Dream Cruise — Treading Water for 20 Minutes Before Being Pulled to Safety….

National Health Care Fraud Takedown Results in 324 Defendants Charged in Connection with Over $14.6 Billion in Alleged Fraud…

Treasury Secretary Scott Bessent Explains Severity of Response to Canada’s Digital Services Tax…

Supreme Court Nukes Nationwide Injunctions Against Trump’s Birthright Citizenship Order…

House Republicans Subpoena ActBlue Officials over Alleged Fraud…

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.

Twitter Icon

View Old Archives

Copyright © 2025 T-Room

Site by Creative Visual Design