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@Ipso – China Reserves

Posted by drb2 @ 10:47 on October 7, 2017  

thanks for that post.  It is interesting that this information got almost zero press.  In fact, I would have thought it BS, except that it was a Reuters release.

https://www.reuters.com/article/china-gold/china-proven-gold-reserves-at-12100-tonnes-at-end-2016-xinhua-idUSL4N1MD2NN

 

the number seemed very high compared to what I remembered their previous holdings being around 1600, so I did a quick search.

https://www.ft.com/content/2c67f078-2c6d-11e5-8613-e7aedbb7bdb7   yep – 1660.  The US supposedly has 8,000 something.

 

The Reuters article is not very specific or detailed, so we shall see if there is confirmation Monday.  If true, I consider this a pretty big deal.

Especially in context with the Saudi-Russia news

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.