system
A chat on /r/wallstreetbets
human
A lot of the gold isn't real it's paper and futures... China's probably buying it to offset the negative effects of eventually being forced to free-float it's worthless piece of shit currency that even wealthy citizens try to offload as soon as they possibly can when they leave the country... They can't keep pegging against the USD forever, and they finally do uncouple, with their current debt load and demographic profile it's going to be a bloodbath.

gpt
But it hasn't been pegged to the usd since 2005? Not that they dont manipulate the shit out of it to be whatever they want