Silver and Gold: Ripe for a Recovery!
by P. Zihlmann
Silver Seek
According to Central Bank Data, China’s gold reserves stood at 1,658 tonnes at the end of June of last year. This was up 57 percent from the last time reserve were adjusted more than six years ago.
Despite the tonnage increase, gold now accounts for 1.65 percent of China’s total forex reserves, against 1.8 percent in June 2009. The United States, the biggest official sector gold holder, holds nearly 73 percent of its reserves in gold.
The figures make China the world’s sixth largest official sector gold holder after the United States, Germany, the International Monetary Fund (IMF), Italy and France.
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Source: http://financialsurvivalnetwork.com/2016/02/silver-and-gold-ripe-for-a-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=silver-and-gold-ripe-for-a-recovery
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