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markinspain

Bric Meeting 16th June

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And "News reported Thursday that China will look to diversify but will also continue to buy US treasuries because of lack of alternatives." :lol: So really, they don't know what to do!

http://www.actionforex.com/fundamental-ana...-2009061189331/

China is the key, even if the others BRI minus C got rid of all their dollars tomorrow it wouldn't affect the dollar as reserve much. So what is China going to do? I don't know - buy up US assets and commodities like oil?

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China is also buying lots and lots of gold.

Yes. I'm sure I saw another thread which said they were buying twice as much as is held in Fort Knox (If you believe there is still any left). Watch the gold price drop below 900$ again so the Chinese can get their next tranche.

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