Does China hold more gold than the USA?

SharpsPixley/Lawrie Williams

Ed Stein Cartoon of dragon atop gold hoard captioned Dragon's Hoard“On the face of things, the USA with 8,133.6 tonnes of gold in its reserves possesses around four times as much gold as China in its reserves as reported to the IMF, but is that really the case? Does China, in reality, hold rather more gold than it reports? We think it almost certainly does, but how much more is very much open to speculation. Indeed different analysts have vastly differing theories ranging from as much as 30,000 tonnes down to the just under 2,000 tonnes it reports.”

USAGOLD note:  Some important detail on what might be happening to all that gold China imports annually. . . .


Repost from 11-26-2019

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