In terms of gold trading, London is the world's largest over-the-counter gold trading center, while China is one of the largest gold consumption markets globally. When the London gold price is higher than the Shanghai gold price, it stands to reason that private enterprises are unlikely to import gold from London to China at a higher price, as this would mean incurring losses.
However, even in such cases, a large amount of gold continues to be shipped from the UK to China. This may be due to strategic purchases made by institutions such as the People's Bank of China.
Currently, the United States is focusing on a national strategic reserve for BTC and cryptocurrency legislation, while China is building its gold reserves.
Ultimately, we will see who comes out on top.$BTC
However, even in such cases, a large amount of gold continues to be shipped from the UK to China. This may be due to strategic purchases made by institutions such as the People's Bank of China.
Currently, the United States is focusing on a national strategic reserve for BTC and cryptocurrency legislation, while China is building its gold reserves.
Ultimately, we will see who comes out on top.$BTC
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