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Bron Suchecki: How much gold does China really have?
12:40p ET Monday, July 27, 2015
Dear Friend of GATA and Gold:
Hypothesizing painstakingly from Chinese gold market data, Perth Mint research director Bron Suchecki estimates that the Chinese government's gold reserves, including metal held by government-owned banks, total about 4,500 tonnes, or about 2,800 tonnes more than the People's Bank of China this month reported as its own gold reserves.
Suchecki attributes to Chinese policy a steady accumulation of gold that divides it between the government and China's population at a ratio of 55 to 45 in favor of the population.
Suchecki's analysis is headlined "How Much Gold Does China Really Have?" and it's posted at the Perth Mint's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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