China is hoarding the world's gold

Lee Duna@lemmy.nz to World News@lemmy.world – 164 points –
China is hoarding the world's gold
newsweek.com
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So? We don't use it for money anymore.

Gold is used in a lot of other things than money and jewelry. For example, a sizable portion of the world's supply is used in electronics like cellphones and computers.

Oh no a country is investing in their own industrial capacity, what devious monsters!

Yeah, like, I'm generally pretty anti-CCP, but this is a non-issue, really.