VERIFIED QUOTE · reported 2026-10-12
“the weaponization of the U.S. dollar and the related desire to be less dependent on U.S. Treasuries as a reserve asset.”
Carsten Menke · said date not stated · reported 2026-10-12
Menke says the PBOC's main motive for accumulating gold is political, tied to reducing dependence on U.S. Treasuries.
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