CHINESE GOLD RESERVES INCREASE 19 TONS IN DECEMBER

ChinaChina certainly isn’t slowing down…

 

Submitted by Smaulgld

Chinese Gold Reserves increased by 19 tonnes in December.

Since starting monthly reporting in July, China has added 104 tonnes of gold to its reserves in 2015 .

Total reported Chinese gold reserves stand at 1,762.323 tonnes.

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China continues to flex its gold muscle. For the sixth time in as many months, China has updated its gold reserves.

In June 2015, China updated its gold reserves for the first time since 2009 by reporting an additional 604 tonnes. In August, China updated its gold reserves for July adding 19.4 tonnes. In September, China reported adding 16.15 tonnes of gold to its reserves during the month of August.

In October, Bloomberg reported that China “probably added 15 tons based on dollar value of assets” in September.

In November, Bloomberg reported that “China Probably Raised Gold Hoard Again in October Adding 14 Tons.” Last month Bloomberg reported that in November China added 21 tonnes of gold to its reserves, the most it has added in five months.

Today Reuters reports that China has added another nineteen tonnes of gold to its reserves.

Chinese Gold Reserves 2009-2015

chinese gold reserves december 2015 -2009-2015

*many suspect that China has under reported its gold reserves. See “The Case of China’s Missing Gold and “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China.

Top Ten Gold Holding Nations

Gold reserves by country 2015 end of year