‘Prepare for the Worst’: China Diversifying Gold, Currency Reserves as US Dollar Becomes Riskier Bet

Aug 9th 2023 12:34pm EDT

Experts told Sputnik that China’s binge on non-dollar currency reserves, including record amounts of gold bullion, is being driven by how unstable the US dollar has become. Countries like Russia, which hold few dollar reserves, present a safer bet for investors and traders alike.

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