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Offline purpuratum

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from www.finews.ch
« on: January 21, 2014, 03:51:25 AM »
For the first time in five years: new figures for China's gold reserves
 
Tuesday, January 21, 2014 05:59



There were many speculations about the height of China's gold reserves for years. Now, new figures from the Middle Kingdom circulate but for the first time since 2009. The increase apparently is 157 percent.
 
The people's Bank of China had estimated their official gold holdings on 1'054, 1 tons last in 2009. These reserves for seven years with 600 tons had been stated previously.
 
As some international news sites, including the «International Business Times», now report, China's gold reserves have increased to supposedly 2'710 tons. Alone 622 tonnes will be added in the last year.
 
China advances three ranked
 
China continuously digging gold to diversify the large currency reserves, is long out of the question, as also the online-portal «Goldreporter.de». Was just curious, how much it would be if a new stock would reported.
 
This would correspond to an increase of 157 percent compared to the currently designated stocks. At the same time, it would mean that China behind the United States and Germany space would occupy three of the global ranking as the largest national gold owners.
 
Various sources
 
It remains unclear how far this latest information is reliable, because it is not confirmed by the authorities. However, last week-various commentators (Inter alia Jefferey Nichols) and stock market letter writers information have cited in the same amount .
 
The World Gold Council provides more information.
 
One of the China's Central Bank last week at least officially announced: your foreign currency reserves amounted by the end of 2013 to 3.82 trillion dollars.