July 18, 2015

China reveals gold reserves after six years

China has ended six years of concealing its gold reserves, announcing a 57% rise in its hoard which puts it in the top five with the largest stash of the precious metal.

According to the People’s Bank of China, bullion assets totaled 3.31 million troy ounces or about 1,658 metric tons at the end of the June. Read more.


China Increases Gold Holdings By 57% "In One Month" In First Official Update Since 2009 - Zero Hedge
China finally says how much gold it has, but nobody believes it - MarketWatch

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