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Scoundreller on May 14, 2021 | parent | context | favorite | on: Colonial Pipeline Paid Hackers Nearly $5M in Ranso...

Why would Russia and China central banks buy gold?

They’re already the #3 and #1 producing countries world-wide.

brobdingnagians on May 14, 2021 [–]

Because their central banks are concerned about stability of international currencies [1]. A central bank is in a good position to use gold, whereas most individuals aren't.

[1] https://www.marketwatch.com/story/why-russian-and-chinese-ce...

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