Russia starts dumping US treasuries, China follows suit

Russia starts dumping US treasuries, China follows suit

Just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.

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Hang the Bankers

Back in December, Socgen spread a rumor that Russia has begun selling its gold.

Subsequent IMF data showed that not only was this not correct, Russia in fact added to its gold holdings.

But there was one thing it was selling: some $22 billion in US Treasuries, a record 20% of its total holdings, bringing its US paper inventory to just $86 billion in December – the lowest since June 2008.

Russia US treasury holdings

It wasn’t just Russia: the country that has ever more frequently been said to be in the same camp as Russia – and against the US – namely China, also sold another $6 billion in Treasurys in the last month of 2014, which would have made its US treasury holdings equal with those of Japan, if only Tokyo hadn’t also sold over $10 billion in the same month.

China Japan US treasury holdings

And while we know that Russia used at least some of the proceeds to buy gold, the bigger question is: just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.

Source: http://www.zerohedge.com/news/2015-02-18/russia-dumps-most-us-paper-ever-china-reduces-treasurys-holdings-january-2013-levels

1 COMMENT

  1. Dear MCS:
    Thus the propaganda war continues, but de-dollarization continues full steam ahead. I see the West/Obama/City of London/Wall Street being backed into a corner like a wild animal. Economic collapse and War are coming. Russia/Syria and Iran are the targets. No matter where WW3 starts, the other alliances and dominos will fall into place to collapse the global house of cards. Be afraid , be very afraid! I wish those ET’s would come and get us out of here soon! LOL Thanks, Norbert.

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