Gold Rush! China's Got a Fever, and the Only Cure is MORE Gold!

Shiny Shiny Gold!

Alright alright settle down ogre sized news flash coming at ya! It's ya boy Donkey reporting live from... well from wherever there's enough room for me to stretch my legs! Turns out China's been on a gold buying spree! Like they're trying to build a solid gold outhouse or somethin'! Seven months in a row folks! Seven! That's longer than the time Shrek tried to teach me how to play chess. Didn't go well let me tell ya!

Worth its Weight in Carrots!

Now this gold stuff they call it a 'safe haven' or something fancy like that. Apparently when the world gets all wobbly and scary people run to gold like I run to waffles in the morning! And the price? Woah Nelly! It hit an all time high! I bet even Dragon would be impressed with that kind of bling. But hey Dragon loves all things shiny just like me!

Numbers! Numbers Everywhere!

Okay here comes the boring part. They're saying China's gold reserves went up to 73.83 million fine troy ounces. I have no idea what a troy ounce is but it sounds important! And the value? A whopping $241.99 billion! That's enough to buy a LOT of waffles. More than even *I* could eat and that's saying something!

Why All the Bling?

Now the experts – and believe me they love to talk – are saying China's doing this to spread out their money. They don't want all their eggs or in this case their yuan in one basket. Smart move I tell ya! Just like how I always carry a spare waffle... you never know when hunger might strike!

Shhh... It's a Secret!

The bigwigs at the People's Bank of China aren't saying *why* they're buying all this gold. It's like when Shrek tries to hide his feelings – you know something's up but good luck getting him to spill the beans! Maybe they’re planning a giant golden statue of… well something! I bet you it is of ME!

More Gold Than You Can Shake a Stick At!

And get this! All the central banks of the world are expected to buy a TON of gold next year. Like a thousand metric tons! They're all ditching those dollar thingamajigs for shiny gold! Looks like everyone's catching the gold fever! I wonder if there's a gold flavored waffle in my future? Hmm... gotta go investigate! Donkey out!