Commodities

Estimating the True Size of China’s Gold Reserves

According to my analysis, the Chinese central bank owned 4,309 tonnes of gold on December 31, 2022, which is more than double than what is officially disclosed. My estimate would make China the second largest gold reserve country after the US. The Chinese private sector holds 23,745 tonnes, bringing the total amount of gold in China to 28,054 tonnes.

Original article: https://www.gainesvillecoins.com/blog/how-much-gold-does-china-own

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