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Main » 2015 » November » 10 » The coveted gold
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The coveted gold
 
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Most likely, China has once again increased its gold reserves in October, about 14 metric tons in an attempt to diversify its strategic liquidity reserve - based on AMarkets.

 

AMarkets

 

At the end of October, there were metal bins China amounting to $ 63.26 billion against $ 61.19 billion at the end of September. It is estimated Bloomberg, is 55.38 million troy ounces, or 17225.5 tons (counting for 30 October at prices London Bullion Market Association).

China, according to experts, is already on the interval of six actively buying gold, trying to create the most durable "cushion" for its yuan, which is in line to be included basket of currencies the IMF CDR. China's gold reserves increased by 19 tons in July, 16 tons - in August at 15 tonnes - September. However, while gold China holds only 2% of its reserves. For comparison, the percentage of gold reserves in America - 74%, in Germany - 68% (data from World Gold Council).

 

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