Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’

A caller study from Jan Nieuwenhuijs, an adept successful the Chinese golden market, has recovered that the existent golden reserves held by the People’s Bank of China mightiness comprise implicit 5,300 tonnes, dwarfing authoritative numbers. Nieuwenhuijs explains China mightiness beryllium a driving unit down expanding golden prices, arsenic the state moves to hoarding golden to […]