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Title: China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases, Total Rises To Record 2,137 Tons
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... s-total-rises-record-2137-tons
Published: Aug 8, 2023
Author: Tyler Durden
Post Date: 2023-08-08 23:00:51 by Horse
Keywords: None
Views: 380
Comments: 5

The bullion held by the People’s Bank of China rose by 740,000 troy ounces, or about 23 tons, bringing the country's total stockpile to a record 2,137 tons.


Poster Comment:

Both China and Russia have a lot more gold than they say. Sun Tzu said, "When you are few pretend to be many. When you are many, pretend to be few.

The point is that lots of Central Banks are accumulating gold. They can't keep the price down forever.

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Begin Trace Mode for Comment # 1.

#1. To: Horse (#0)

What the people do not understand is that Chinese Gold is full of Tungsten. About 1/4 of a bar is gold, and the rest is tungsten.

TommyTheMadArtist  posted on  2023-08-09   8:44:19 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: TommyTheMadArtist (#1)

That is US gold, not Chinese.

Horse  posted on  2023-08-09 12:57:24 ET  Reply   Untrace   Trace   Private Reply  


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