US Gold Outflow to China Accelerates
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Gold becomes the largest US export for five of the past six months, with physical bullion flowing from the US through Switzerland to China. Analysts cited in the coverage argue China may use the accumulated reserves to reprice the yuan without a formal revaluation.
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The coverage — 2 videos
Gold Is Leaving America
The United States has become the top exporter of gold for five of the last six months, prompting analyst Luke Gromen to argue that China may use these gold reserves to reprice the yuan without a direct revaluation, while the U.S. balance sheet is severely undervalued due to the low valuation of its gold holdings.
Gold Matter More Than The Dollar Right Now
Recent physical gold outflows from the U.S. to Switzerland and then to China are analyzed as a potential indicator of shifting economic power, with the creator arguing that the importing country—China—typically gains an advantage.