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Koos Jansen: China aims to exceed U.S. in gold reserves
1:37p ET Tuesday, September 30, 2014
Dear Friend of GATA and Gold:
The president of the China Gold Association, gold researcher and GATA consultant Koos Jansen discloses today, argues that China should accumulate gold reserves greater than those of the United States because gold is a strategic asset, money without counterparty risk.
The association's president, Song Xin, adds that a "gold bank" should be established by China "to break the barrier between the commodity and monetary world. It can further help us acquire reserves and give us more say and control in the gold market."
Jansen's report is headlined "China Aims for Official Gold Reserves at 8,500 Tonnes" and it's posted at Bullion Star here:
https://www.bullionstar.com/article/china%20aims%20for%20official%20gold...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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