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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.95+0.1%Dec 30 4:00 PM EST
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zonkerharris
To: bull_dozer who wrote (206326)6/27/2024 2:02:48 AM
From: bull_dozer1 Recommendation  Read Replies (1) of 218847
 
>> THE F*CKING F*CKS

Communist China’s Gold Reserve Numbers Don’t Add Up, Stoking Suspicions of Secret Stockpile

Could it be that 2,700 metric tons of gold — more than half of the world’s annual global production — is being hidden in Communist China?
The question arises in a new report from a Singapore-based newspaper and adds to mounting speculation that China has amassed a larger-than-reported stockpile of the metal that is the basis of monetary value.
The four-figure gap was discovered by economist Chen Long after he compared the total gold holdings in China — incorporating reported holdings of retail buyers, regional banks, and the People’s Bank of China — with the country’s import and production numbers.
He reckons that China’s official gold holdings last year reportedly only rose by 431 metric tons. The number for gold imports and production, however, came out to 1775 metric tons. Given that China exports a negligible amount of gold, the estimates leave 1,300 metric tons unaccounted for.
Adding that figure to the number of “missing” metric tons of gold Mr. Long estimated for 2022 — around 1,400 — the number swells up to 2,700 metric tons over the two-year period

nysun.com
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