Tag Archives: Pravda

Pravda: China Has 30,000 Tonnes Of Gold

I have not been able to find any analyst who can say for sure when China will announce the updated status of the PBoC’s (China’s Central Bank) “official” gold holdings.  Even more uncertain is the guesstimates on what number China will report.  While no one expects China to report its true gold holdings, we will be releasing a video on our Shadow of Truth channel shortly in which Alisdair Macleod discusses why he thinks China will report somewhere between 3,500 and 8,100 tonnes.

Pravda published an article in which it asserts that China has accumulated 30,000 tonnes of gold:

According to Duowei News, to ensure its domination, China is saving up gold. According to unconfirmed reports, China already has about 30,000 tons of the precious metal. If this is true, it means that China will be capable of brining the US dollar down in an instant.

You can read the rest of this here:  Pravda/China’s Gold

ChinasgoldWhile no one with any sort of knowledge about the gold market believes that the United States has anywhere close to the 8,100 tonnes it has been reporting since 1971 – in fact, any remaining gold likely has been or will be leased/hypothecated – there is a raging debate as to how much gold China owns.  Again, I believe Alisdair Macleod has what I believe is the most definitive estimate, which he has backed up with painstaking research and documentation:  China’s Gold Strategy