By Ross Norman (via Commodities Now) (Guest Post)
China holds a tiny proportion of its official foreign exchange reserves in gold (just 1.6%) and has indicated a desire (see wikileaks as well as comments from PboC and China Gold Investment Research Institute) to add to its modest stock of 1,054 tonnes of the yellow metal. China is the world’s sixth largest holder of gold reserves. Most emerging nations including India and Russia currently hold over 7% of their reserves in gold – and these are growing. China has a track record of accumulating gold by stealth. In 2003 it officially reported reserves…
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