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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I think the fact that it's very chemically stable is likely a factor as well so it can be stored for effectively an infinite amount of time & it won't degrade/react, it'll still be gold.

Historically, the value of gold was tied to its "incorruptibility". It is associated with purity and permanence.