Loading ...There is suspicion that China is talking down its true gold holdings as it prepares to join the big league as part of the International Monetary Fund’s currency basket (SDR).
David Marsh, from the monetary forum OMFIF, said China would risk unsettling the world gold market if it revealed bullion reserves of 2,000 or 3,000 tonnes. This might be interpreted as an unfriendly move against the dollar at a “delicate time”, he said.