Welthcrea8or,
your comment
"I also subscribe to the view that developed and developing nations in particular China, may indeed have much larger reserves of gold that aren't "accounted" for and this could have a significant impact on the open market when they or any other large holder decides to reduce their holdings."
As per the link below China is encouraging its citizens to buy gold.
http://agmetalminer.com/2011/02/21/china-encourages-citizens-to-buy-gold-part-1/
Why would the chinese government have an interest in selling into the market and lowering the POG, when it is encouraging its citizens to purchase it?
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