6min chapter

The "What is Money?" Show cover image

WiM021 - The Frisby Series | Episode 2 | Mythology, Gold, and Government

The "What is Money?" Show

CHAPTER

China Has More Gold Than It Says It Does

China is the world's largest gold producer and biggest buyer of gold. China does not export its gold. It keeps all the gold it mikes. Chinese companies operating in asia and africa, south america, andan australia have produced a similar amount of gold that they've produced at home. And lots of gold goes into china and doesn't go through the shanghai gold exchange. To say we've got more gold than the united states would just be a challenge. I know for fact, it's got way more. There's the the they just don't declare it, because to say we'veGotMoreGold than the united States would justbe a challenge

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