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Chinese Gold Reserves Grow 16 Tons in Jan. while Foreign Reserves Fall by $100B
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
investmentwatchblog.com / Submitted by IWB, on February 7th, 2016
by Smaulgld
China’s Gold Reserves.
Chinese Gold Reserves increased by 16 tonnes in January.
Since starting monthly reporting in July 2015, China has added 120 tonnes of gold to its reserves.
Total reported Chinese gold reserves stand at 1,778 tonnes.
Chinese Foreign Reserves fall $99.5 billion in January to $3.23 trillion.
China continues to flex its gold muscle. For the seventh time in as many months, China has updated its gold reserves.
In June 2015, China updated its gold reserves for the first time since 2009 by reporting an additional 604 tonnes. In August 2015, China updated its gold reserves for July adding19.4 tonnes. In September, China reported adding 16.15 tonnes of gold to its reserves during the month of August.
In October 2015, Bloomberg reported that China “probably added 15 tons based on dollar value of assets” in September.
In November 2015, Bloomberg reported that “China Probably Raised Gold Hoard Again in October Adding 14 Tons.” In December 2015, Bloomberg reported that in November China added 21 tonnes of gold to its reserves, the most it has added in five months.
The post Chinese Gold Reserves Grow 16 Tons in Jan. while Foreign Reserves Fall by $100B appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/07/chinese-gold-reserves-grow-16-tons-in-jan-while-foreign-reserves-fall-by-100b/
