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.

Gold bars are displayed at the Bureau of Engraving and Printing in Washington in a file photo. Paul J. Richards/AFP via Getty Images

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.