For those that believe the Western banking narrative that “gold is dead” and that “bitcoin is the new gold”, just look to the behavior of two nations that contain 36 out of every 100 citizens of planet Earth. Last year, retail consumers in China increased their gold consumption by more than 33% year over year, despite this significant news failing to make the rounds during bitcoin mania that saw two epic collapses from 2021 highs of about $65,000 and $69,000 respectively in April and November before both price highs collapsed by over 50% in relatively quick time. Due to Western banking media focus on cryptocurrencies, especially BTC, specifically designed to divert money away from physical gold purchases, no one reported on the ravenous gold appetites of the two most heavily populated nations in the world.
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