Are the CCP’s Big Gold Purchases for Protection Against the Dollar—or to Attack It?

The Chinese regime is engaging in huge gold purchases for multiple reasons.
Are the CCP’s Big Gold Purchases for Protection Against the Dollar—or to Attack It?
Gold bars are displayed at the Bureau of Engraving and Printing in Washington in a file photo. Paul J. Richards/AFP via Getty Images
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Commentary
After taking a six-month break from an 18-month gold-buying spree, the People’s Bank of China (PBOC) resumed its policy of large gold purchases in November.
James Gorrie
James Gorrie
Author
James R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.
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