Gold Telegraph
@GoldTelegraph
China’s central bank bought government bonds today for the first time in two years.
Boom,
This is right on schedule.
The central bank purchased $56.3 billion worth of 10-year and 15-year bonds in open market operations.
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Gold Telegraph
@GoldTelegraph
China’s central bank is now buying government bonds.
This is happening as the country and its people stockpile gold and focus on internationalizing its currency.
How does a financial system quickly gain the trust of countries and people worldwide?
You anchor the value.
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Gold Telegraph
@GoldTelegraph
It now takes 85 ounces of silver to buy one ounce of gold, well above the 20-year average of 68 ounces.
Always follow historical averages closely.
