Scott Bessent Predicted a Potentially Gold-Backed Renminbi in 2023: Now, China Has Quietly Acquired ‘Far More Gold’ Than Reported
As gold tops $4,700, China is acquiring 'far more gold' than reported, fulfilling Scott Bessent's 2023 gold-backed Renminbi prediction.
China is buying lots of gold, which some people think might back up its money someday. When big countries buy more gold, it can affect gold prices, so people who own gold investments should notice what China is doing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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