Analysts are disappointed with gold reserves of China
Edited by Rhod Mackenzie / 2015-07-21 11:29:01
China has announced its gold reserves for the first time over the past 6 years, and all are surprised how little it grew since last time. The Bloomberg predicted that this figure would be three times larger, according to the available information on the purchase of gold by China.
The Bloomberg is likely to be right and gold reserves are simply on other national accounts, such as the National Welfare Fund or something like that. Why, then, the Chinese Government decided to announce only a part of the available stocks?
