Tag Archive: China gold reserve

Active Buyers Follow the Money

According to a recent report from Financial Times, the People’s Bank of China has continued to add gold to its reserves for the fifth month in a row. The central bank reportedly added 480,000 ounces last month bringing its total holdings to $78.3 billion. China hasn’t been the only buyer of the metal either. Numerous emerging market central banks have been active buyers as nations seek to diversify their reserves away from the dollar. Last year, central banks reportedly bought some $27 billion worth of... Continue Reading

HOW MUCH GOLD DOES CHINA REALLY HAVE?

The financial landscape is changing right before our very eyes. Higher upcoming interest rates in the U.S., a possible Greek exit from the European Union and changes in energy policy are just a few of the many issues global markets are currently facing. Any talk, however, of changes in the global economy could not take place without throwing China into the discussion. As the world’s #2 economy, China has asserted itself as an economic powerhouse. The country is continuing to build upon this growth, and... Continue Reading