China Dumping US Treasuries and Buying Gold: What's Next?
China sold a record amount of US Treasury and agency bonds in the first quarter. China is moving to diversify away from American assets as trade tensions persist and to stockpile the gold. According to US Treasury data cited by Bloomberg, Beijing sold $53.3 billion worth of US Treasury and agency bonds from its stockpile. Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period. That dropped its total holdings to $775 billion.
How this decision will affect you and me? Who will keep funding the federal government’s borrowing spree? How big a problem this is, for the US treasury and the United States? Who is going to absorb them all, along with the new debt issued by the U.S. Treasury every month?
What are the ramifications of de-dollarization? What happens if the demand for dollars drops? Should we also buy gold and silver?
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