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.