#Investors-Group News - US treasuries and #Gold
Turd Ferguson - China sold $8,000,000,000 in US treasuries
I was scanning my twitter feed earlier and came across this tweet that I thought I would share with you.
As a big fan of Turd Ferguson and his work, it's a pleasure to share with you one of his many great tweets.
The tweet reads...
Credit: Turd Ferguson
China sold $8,000,000,000 in US treasuries in April.
If they wanted to, they could take the proceeds and buy about 6,000,000 ounces of gold or about 180 metric tonnes....with just ONE MONTH of U.S. treasury sales. Chew on that for a while.
Credit: Turd Ferguson
If you are on twitter please feel free to retweet / like the tweet.
Thanks again for reading.
Stephen
8 billion is a rounding error compared to the amount of US debt they own.
Good article
Shared on twitter. Stephen
They could, but highly unlikely. With the beginning of a liquidity crisis, the first private bank failure in 20 years, multiple rounds of quantitative easing this year, one bank run, crop losses, African Swine Fever and this years introduction of the Army Worm they need all the cash they can get.
It's very likely they bought that much of Huawei stock last week.
Cheers
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