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China Is Quietly Becoming Gold Superpower

Posted By admin On November 5, 2012 @ 6:14 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Nov 5, 2012

While Western central banks have frittered away their gold [2], China is quietly building up its reserves.

China is the world’s largest gold producer [3].

China Is Quietly Becoming Gold Superpower goldproduction2011

And yet – according to various sources – gold bullion brokers have not seen any gold coming from China [4].

In other words, China is producing more gold than any other country, but isn’t exporting any of it.

In addition, china is importing huge amounts of gold [5].

As such, China is quietly becoming a gold superpower.

Note: China has a habit of being quiet for several years at a time, and then announcing big increases in gold holdings. So quoting old numbers will only mean that one is caught flat-footed as to China’s current holdings.

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URL to article: http://www.prisonplanet.com/china-is-quietly-becoming-gold-superpower.html

URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2012/11/china-becoming-gold-superpower.html

[2] frittered away their gold: http://www.washingtonsblog.com/2012/11/the-emperor-has-no-gold.html

[3] world’s largest gold producer: http://www.bloomberg.com/news/2012-04-05/top-10-gold-producing-countries-in-2011-table-.html

[4] not seen any gold coming from China: http://screwtapefiles.blogspot.co.uk/2012/10/database-confirms-max-keiser-guest.html#more

[5] huge amounts of gold: http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdings

[6] “Uncivilized” China Quietly Building Gold Reserves As Gold Imports From HK Soar By 587% In First Quarter: http://www.prisonplanet.com/uncivilized-china-quietly-building-gold-reserves-as-gold-imports-from-hk-soar-by-587-in-first-quarter.html

[7] How China Might Buy More Gold Than America Owns: http://www.prisonplanet.com/how-china-might-buy-more-gold-than-america-owns.html

[8] Is China Hoarding Gold In Anticipation Of A Global Financial Implosion? 10 Facts About Gold Fever In China That May Surprise You: http://www.prisonplanet.com/is-china-hoarding-gold-in-anticipation-of-a-global-financial-implosion-10-facts-about-gold-fever-in-china-that-may-surprise-you.html

[9] The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal’s Entire Gold Reserve: http://www.prisonplanet.com/the-hoarding-continues-china-has-imported-more-gold-in-six-months-than-portugals-entire-gold-reserve.html

[10] China Officially Enters The Gold Market: Full Release Of PBoC’s Plan To Expand And Develop China’s Gold Infrastructure: http://www.prisonplanet.com/china-officially-enters-the-gold-market-full-release-of-pbocs-plan-to-expand-and-develop-chinas-gold-infrastructure.html

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