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Koos Jansen: China's next gold announcement may be tied to SDR move this year
1:20p PHT Saturday, March 28, 2015
Dear Friend of GATA and Gold:
Bullion Star market analyst and GATA consultant Koos Jansen today cites indications that the inclusion of the Chinese yuan in the International Monetary Fund's "special drawing rights" basket this year will be connected to China's announcement of a substantial increase in its gold reserves. Jansen notes statements of Chinese policy that gold acquisition is crucial to the country's economic development, and infers from those statements that China's next reserves announcement will claim more gold than Germany, the world's second-largest purported gold holder, but less reserves than the United States, the largest purported gold holder, even as surpassing the United States in gold reserves remains China's long-term objective. Jansen's analysis is headlined "When Will China Disclose Its True Official Gold Reserves and How Much Is It?" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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