U.S. Treasuries Sold by Global Central Banks After Svb Collapse, Buy GOLD in Bulk.

March 27th, the European and American banking crisis continued to spread. Following the shocking news from Credit Suisse, a larger domino may fall as Deutsche Bank, Germany’s largest bank, sees its credit default swap (CDS) rise to its highest level since the end of 2018. Investors are rapidly selling Deutsche Bank because of its direct involvement in Switzerland’s defaulting behavior as a neutral country, causing the market to also sell additional Tier 1 capital bonds (AT1) out of fear that Germany may also clear this type of debt, similar to what Switzerland did. The Us Treasury’s Latest Report On International Capital Flows On March 16 and the World Gold Council’s report on gold demand on March 20 had already forecast the trend of central banks accelerating the liquidation of US Treasuries to replace them with gold. Data shows that as of the end of January, global central banks held a total of $7.4 trillion in US Treasuries. Since 2020, they have net sold as much as $865 billion in US Treasuries, in sharp contrast to the record-breaking purchase of gold reserves, which rose to the highest level in 55 years. The trend of global central banks accelerating the sale of US Treasuries to replace them with gold is still continuing in 2023. Recently, the scale of US Treasuries held by China has accelerated to a new low in 13 years, reaching only $859.4 billion. In addition, China has been selling US Treasuries for the sixth consecutive month, and its holdings have been below $1 trillion for the tenth consecutive month. In the past decade, China has sold $457.3 billion in US Treasuries, with a cumulative net sales ratio of nearly 35%. At the same time, China has pushed its gold purchase level to a new high in nearly five years in 2022, which is in sharp contrast to its sale of US Treasuries. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.