China's Central Bank Increases Its Gold Buying Spree

In today’s video, I talk about China’s increasing buying spree of Gold for its central bank. I elaborate on by showing examples of how China is placing withdrawal limits of US dollars at its public banks, and how this may be contributing to a capital-flight into Bitcoin as the Chinese economy worsens.

🔮 Our Brand New Course: Cryptocurrency Trends for 2019
https://www.udemy.com/the-ultimate-guide-for-cryptocurrency-trends/?couponCode=VIPSTUDENT

✅ Our Free Cryptocurrency Investment Fundamentals course
https://www.udemy.com/buying-and-investing-in-cryptocurrencies-for-australians/

💃🏼 🕺🏼 Need help with crypto wallets or some one-on-one support? Check out our services!
https://cryptocurrencyaus.com/services/

📰 Stay in the loop with our free Newsletter
https://cryptocurrencyaus.com/Newsletter

You can now tip us with Lightning ⚡️
https://tippin.me/@Cryptos_Aus

⛓ Links
https://www.bloomberg.com/news/articles/2019-06-10/china-snaps-up-more-gold-in-six-month-spree-as-tensions-escalate
https://www.zerohedge.com/news/2019-05-07/behind-recent-crypto-surge-chinese-banks-are-quietly-running-out-dollars
https://www.scmp.com/business/banking-finance/article/3008795/chinese-banks-quietly-lower-daily-limit-foreign-currency
https://tradingeconomics.com/china/inflation-cpi

🐨 Cryptocurrency Australia Official Site
https://cryptocurrencyaus.com/

✌🏼 Our socials
Twitter https://twitter.com/Cryptos_Aus
Instagram https://instagram.com/cryptocurrency_australia
Facebook https://www.facebook.com/CryptoAustraliaMedia/
Reddit https://www.reddit.com/r/Crypto_Australia/
Pinterest https://www.pinterest.com.au/CryptocurrencyAustralia/
Linkedin https://www.linkedin.com/company/cryptocurrency-australia-media/

✅ Our Free Cryptocurrency Investment course
http://cryptocurrencyaus.com/Fundamentals-course

🔐 My hardware wallet is a Nano Ledger S http://cryptocurrencyaus.com/ledger

🔑 I also use the Trezor Hardware Wallet
http://cryptocurrencyaus.com/Trezor

📩 For CCA Media business enquiries, please contact us at https://cryptocurrencyaus.com/contact/

🔳 For Blockchain Project Consulting;

Blockchain Consulting

🙏🏼 We are grateful for any BTC donations which help support us.
31tbpRhJFLuWnzAk6kVnNnDUcBrigLHsNt

#Bitcoin #China #Gold

📜 Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.

source

(Visited 5 times, 1 visits today)

You might be interested in

Comment (7)

  1. What do you think is in store for China and the U.S given the ongoing trade tensions? Do you think China is buying Gold as a hedge to move away from the U.S, or to de-risk itself from the Global Economy more broadly? Let me know what you think in the comments!

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *