China has 6,355 tonnes of gold
Further to my article on Chinese gold imports, I have a follow up analysis of China's gold stock at the corporate blog.
OK, 6355 tonnes is a little too precise given the opaque nature of the gold market, but the point is that a reasoned approach means that China holds circa this number. I also estimate that of that number, official gold reserves are likely to be 1560 tonnes (not 6000 tonnes like this silly Zero Hedge post, which overstated China's gold import figures as well).
OK, 6355 tonnes is a little too precise given the opaque nature of the gold market, but the point is that a reasoned approach means that China holds circa this number. I also estimate that of that number, official gold reserves are likely to be 1560 tonnes (not 6000 tonnes like this silly Zero Hedge post, which overstated China's gold import figures as well).
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