Monday, November 3, 2014

China's Gold Strategy
Therefore the Chinese state has probably accumulated between 20,000 and 30,000 tonnes since 1983.
To put this into context, China officially announced gold holdings of 1,054 tons in 2009.  Many experts speculate China has since added 5,000 tons from mining, imports, and scrap.

Do the math.  Is it 1,054--or is it 30,000 tons?  Given the Chinese preference for secrecy, it's likely the latter.

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