Bron Suchecki: How much gold does China really have?
TND Guest Contributor: Chris Powell |
Hypothesizing painstakingly from Chinese gold market data, Perth Mint research director Bron Suchecki estimates that the Chinese government’s gold reserves, including metal held by government-owned banks, total about 4,500 tonnes, or about 2,800 tonnes more than the People’s Bank of China this month reported as its own gold reserves.
Suchecki attributes to Chinese policy a steady accumulation of gold that divides it between the government and China’s population at a ratio of 55 to 45 in favor of the population.
Suchecki’s analysis is headlined “How Much Gold Does China Really Have?” and it’s posted at the Perth Mint’s Internet site. Click here to read.
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/bron-suchecki-how-much-gold-does-china-really-have/
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