by Koos Jansen, GoldSeek:
There has been much speculation about a slide from chairman and secretary-general of the China Gold Association Zhang Bingnan presented at the LBMA forum in Shanghai June 25, 2015. The slide states Chinese gold reserves are 9,816.03 tonnes, however, this refers to in ground mining reserves.
I have never received so many emails and tweets as for inquiries about this slide, hence a post to debunk the rumor. Let’s have a look at the slide; clearly we can see Zhang talks about the Chinese mining industry, at the top it says, “<1> Chinese gold mining guarantee the steady supply of world gold”.
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