China no longer trusts the dollar in the long term.
They are continuously selling American bonds, especially the 10 and 30-year ones. U.S. debt is unpayable, and China knows it. Who would trust a 30-year bond? In 30 years, the dollar will be worth much less. That's why they are selling bonds and buying gold.
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China no longer trusts the dollar in the long term.
They are continuously selling American bonds, especially the 10 and 30-year ones.
U.S. debt is unpayable, and China knows it. Who would trust a 30-year bond? In 30 years, the dollar will be worth much less. That's why they are selling bonds and buying gold.