Loading ...Reserves or holdings, is there a difference? Seems like reserves would still be in the ground whereas their official holdings are something else. I’m asking, I’m not sure. Seems like the last time they stated official holdings it was like 2500 tons, and pretty disappointing.
That being said, the last paragraph caught my eye, production was down but demand up? Should be a recipe for higher prices in the real world…
In the first half of 2017, China produced 207 tonnes of gold, a drop of 9.8 percent from a year ago, although gold consumption rose nearly 10 percent to 545 tonnes, with consumption of gold bars up more than 50 percent, the CGA said. (Reporting by John Ruwitch; Editing by Christian Schmollinger)