Behold, the grand spectacle of modern finance: China, with the fervor of a man fleeing a burning house, has offloaded $44 billion in U.S. Treasuries since June. One might call it a “strategic pivot,” but let’s face it-this is less a dance and more a clumsy shuffle toward gold. 🏦
The Treasury Department’s numbers whisper a tale of decline: from $732.7 billion to $688.7 billion in five months. A $44 billion waltz, indeed! The lowest since 2008? Pfft, 2008 was a mere polka compared to this economic ballet. 🎭
Meanwhile, the People’s Bank of China has extended its gold-buying streak to 13 months, adding 26 tonnes like a gluttonous diner at an all-you-can-eat buffet. Their reserves now glisten at 2,305 tonnes-worth $322 billion. Or, as the analysts say, “It could be 250 tonnes higher if we squint.” 🤷♂️
This audacious pivot aligns with BRICS’ dream of ditching the dollar. Geopolitical risks? U.S. fiscal deficits? Call it what you will, but China’s playing the long game. Gold, once a king’s treasure, is now their chess piece. ♟️
And what of gold’s price? It soared past $4,370 per ounce in 2025, now dancing at $4,366. A record? Perhaps. But in this circus, the real question is: who’s left holding the empty Treasury box? 🤡
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2025-12-20 00:02