Why China Is Dumping Dollars and Stockpiling Gold

China is not merely buying gold. It may be building the financial and industrial foundation for a world less dependent on the United States.In this episode of The Secret War on Cash, Dean Heskin and Chris Agelastos explore reports that China is selling dollar-denominated assets, reducing its exposure to U.S. Treasury securities and importing vast quantities of physical gold and silver.They also examine China’s control over the critical minerals and rare earth elements used in smartphones, semiconductors, artificial intelligence, robotics, electric vehicles, military technology, aerospace and renewable energy.The episode asks several urgent questions:Why has China spent decades accumulating control over strategic resources? How vulnerable is the United States after outsourcing so much mining, refining and manufacturing capacity? Could Hong Kong eventually challenge London and New York as a center of global gold trading? And what happens to the dollar when major countries choose physical assets over fiat currency?China’s strategy did not emerge overnight. It was built over roughly six decades while much of the West focused on short-term costs and quarterly returns. America may now face an expensive race to restore the industrial capacity it allowed to migrate overseas.Brought to you by Swiss America.Get your complimentary Secret War on Cash Report:Call or text: 1-800-289-2646Visit: https://www.swissamerica.com/social