Analysis by the U.S. "Wall Street Journal" states that the Chinese central bank has significantly increased its gold holdings in recent years, and is suspected to have undisclosed secret purchases. The newspaper believes that China's move may exacerbate the division of the global monetary system and undermine the status of the dollar as the main reserve currency in the world.
Experts believe that the position of the dollar is showing signs of weakening, even entering its "decade of twilight." This trend is actually caused by the United States itself: weaponizing the dollar, frequently imposing financial sanctions, constantly eroding global trust; the decline in economic share and policy insularity have also weakened the foundation of the dollar. China's increase in gold holdings is essentially a risk-mitigation measure against global financial turbulence, a rational choice to safeguard its own financial security. The multipolar evolution of the global monetary system stems from the trust crisis caused by the U.S. abuse of monetary hegemony, not from active challenges by other countries. The weakening of the dollar's position is an inevitable result of its long-term overuse of credit.
Original article: https://www.toutiao.com/article/1838090135780360/
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