You are here
China's gold reserves continue to grow in February
The news here isn't the tiny increase in China's gold reserves but that the People's Bank of China has announced increases for three months straight after years of reporting no change.
* * *
China's Gold Reserves Continue to Grow in February
From Xinhua News Agency, Beijing
Thursday, March 7, 2019
BEIJING -- China increased its gold reserves for a third straight month in February, data from the central bank showed.
... Dispatch continues below ...
A Network of Bullion Dealers Who Bid for Your Business
With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you'll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.
Click here to learn more:
The country's gold reserves amounted to 60.26 million ounces by the end of last month, a slight growth from January, according to the People's Bank of China.
The gold reserves were equivalent to around $79.5 billion, edging up from 79.3 billion dollars in the previous month, the PBOC said.
The latest gold purchase by the world's second-largest economy came at a time when global central banks are hoarding the precious metal. ...
... For the remainder of the report:
Join GATA here:
Mining Investment Asia
Marina Bay Sands Conference and Exhibition Center
Tuesday-Thursday, March 26-28
Mines and Money Asia
Hong Kong Conference and Exhibition Center
Wan Chai, Hong Kong
Tuesday-Thursday, April 2-4
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: