Washington’s Blog 
Nov 5, 2012
While Western central banks have frittered away their gold , China is quietly building up its reserves.
China is the world’s largest gold producer .
And yet – according to various sources – gold bullion brokers have not seen any gold coming from China .
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 .
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.