by Mike Maharrey
GoldSeek
As the Chinese accumulate more and more gold, they’re dumping U.S. Treasuries.
That raises an important question: who is going to keep funding the federal government’s borrowing spree?
China offloaded another $22.7 billion in U.S. Treasuries in February, according to the latest data from the Federal Reserve. That dropped its total holdings to $775 billion.
China still ranks as the second-largest foreign holder of U.S. debt, but the U.K. could soon overtake China and slide into the second position if the current trend continues.