China's $170 Billion Gold Accumulation Stirs Taiwan Conflict Fears China’s recent accumulation of a $170 billion gold reserve, following a record 27-tonne purchase that raised its total to 2,262 tonnes, has sparked concerns over its preparations for potential conflict regarding Taiwan. The People’s Bank of China’s strategic buying, which began in October 2022 and marks the longest gold stockpiling period since 2000, appears to be a precaution against Western sanctions in case of escalating tensions with Taiwan. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Policy Win for Big Banks: Regulatory Relief on Loss Buffers Ahead READ MORE The Italian Job Revisited: How Much Are Those Gold Bars Worth Today? READ MORE History Warns: Recession Looms as Fed Maintains High Interest Rates READ MORE Year of the Dragon: Surge in Singapore’s Gold & Silver Sales | Chinese New Year 2024 READ MORE Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment