As the CCP loses the “Mandate of Heaven,” I believe we’ll see Chinese citizens rediscovering the wisdom of their ancestors and stacking the shiny, especially when their property bubble is in a slow-motion collapse despite the PBOC’s Money Printer Go BRRRRR. 1.4 billion Chinese stacking the shiny is the stuff of nightmares for the Fed & its bullion bank market manipulators. Stack on, Wang!
China’s gold imports from the major refining hub of Switzerland jumped to the highest in more than five years, signaling demand improved as the Asian nation relaxed strict COVID-19 measures.
One of the world’s top bullion buyers, China shipped in more than 80 tons from Switzerland in July, according to Swiss Federal Customs Administration. That’s more than double the previous month and eight times more than in May.