The chinese are using it as a hedge against inflation in China not the U.S. Even if gold is sold in usd it doesnt matter because gold is going up, the chinese still get the same exchage rate.
The usd could fall against world currency by another 20 to 30%, that doesnt bother the chinese because they still have the same exchange rate when selling gold.
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---|---|---|
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Price($) | Vol. | No. |
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7 | 115195 | 2.040 |
4 | 49450 | 2.030 |
2 | 37285 | 2.020 |
3 | 18581 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.060 | 4000 | 1 |
2.070 | 43450 | 6 |
2.080 | 88225 | 4 |
2.090 | 16821 | 2 |
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