{"id":1152,"date":"2015-03-03T00:28:33","date_gmt":"2015-03-02T13:28:33","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/?p=1152"},"modified":"2015-03-03T00:28:33","modified_gmt":"2015-03-02T13:28:33","slug":"could-china-have-4-times-as-much-gold-as-the-usa","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/could-china-have-4-times-as-much-gold-as-the-usa\/","title":{"rendered":"Could China have 4 times as much gold as the USA?"},"content":{"rendered":"

It would be an amazing if the article I have just read<\/a> is correct. And if it is true then we can expect widespread changes, as the US loses its reserve currency status, that will literally shake our world’s current financial underpinnings.<\/p>\n

“So what are China\u2019s real gold holdings? The 30,000 tonne figure has come from Simon Hunt of Simon Hunt Strategic Services (Hunt was the Hunt in Brook Hunt, one of the world\u2019s top metals analytical teams now absorbed into Wood Mackenzie) in his latest \u2018Thought for the Day\u2019 letter to his clients in which he comments that \u201cChina has much more gold than it is allowing the world to see. As Alasdair Macleod, probably the world\u2019s number one analyst of the gold market, wrote that between 1983 and 2002 China probably accumulated 25,000 tons of gold. Thus, its current gold holdings are probably north of 30,000 tons in contrast to the USA which has either sold or leased most of its gold.\u201d Now this statement coming from one of the usual gold megabulls might be ignorable, but Hunt does not fall into this category and has a good track record of insights into China\u2019s strategic initiatives as far as metals and minerals are concerned.” http:\/\/www.mineweb.com\/news\/gold\/could-china-actually-have-30000-tonnes-of-gold-in-reserves\/<\/a><\/p>\n

Personally I have doubts BUT!
\n
\nPerhaps this is more likely…<\/strong> But even then a Russia_China gold coalition would certainly put the cat amongst the pigeons<\/em>
\nThe People\u2019s Bank of China may have tripled holdings of bullion since it last updated them in April 2009, to 3,510 metric tons, says Bloomberg Intelligence, based on trade data, domestic output and China Gold Association figures. A stockpile that big would be second only to the 8,133.5 tons in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"

It would be an amazing if the article I have just read is correct. And if it is true then we can expect widespread changes, as the US loses its reserve currency status, that will literally shake our world’s current financial underpinnings. “So what are China\u2019s real gold holdings? The 30,000 tonne figure has come […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1152","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/1152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=1152"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/1152\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=1152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=1152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=1152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}