GOLD 0.51% $1,391.7 gold futures

china added 454 tons of gold to reserves , page-17

  1. 1,916 Posts.
    No-one is to say that the Chinese have accumulated in a steady way or otherwise - they MAY have sold and bought over that period of time accumulating gradually or simply have bought more recently.

    BTW have to laugh at some of the reporting stating Hu Xiaolian Head of SAFE is a he rather than a she goes to show how accurate some reporting actually is.

    Interestingly 30 years ago Gold represented 10% of China's Foreign Reserve Holdings compared to the now 1.6%.

    Also worth noting is the history of Silver in China's past there was a great article in the IHT/NYT recently called "Ghosts of a Faded Gilded Age Haunt a 19th-Century Chinese Banking Hub":

    http://www.nytimes.com/2009/03/18/world/asia/18pingyao.html

 
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