International Gold: Here’s How Much Gold China Has

china gold, international gold, gold coins
Written by Mike Hammer
For many years now, the big question in the world gold picture has been Just How Much Gold Does China Have?  Not gold in the ground, but gold held in their central bank reserves.  Early this month China said they added 10 tonnes to their strategic holdings, but does that make sense? China’s “policy” is that no raw gold can leave the country.

Yet Chinese miners produce gold every year, some of which is used by industry for things like electronics and jewelry.  And we know China imports gold through the Shanghai market for jewelry production.  Market watchers believe the figures don’t add up, and China must have accumulated a lot more gold than they’re admitting. Market watcher Ronan Manley published an article Friday detailing the Chinese gold picture and gives a projection on the possible true size of the Chinese stockpile.  Great reading for a Monday morning!

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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