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How Much Are Chinese Gold Reserves?

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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3 comments to How Much Are Chinese Gold Reserves?

  • Craig it's all gone

    Chinese gold reserves.. very interesting topic. And from all the different interviews I have listened to, there are some very logical bits of information that points to China having more than 20 thousand tons (but they won’t announce this big number, as they prefer to keep big info as this,, in the dark.)
    But with Chinese mining activity & imports since 1999, etc, Jim Willie and OTHERS (of good reputation) have put the dots together.

    Not to mention all the gold plated TUNGSTEN (or DUNGsten) bars at Ft. Knox. China, Russia, etc, will not be exposing their TRUE numbers,, for several years unless it suits their agenda.
    I don’t think we will learn of the various gold holdings,, for another 2-5 years from now.

    In any case, what REALLY matters to ME,, is that I want to have enough FOOD to eat, so I’m growing gardens from now until the sun blows up. (and stackin’ seeds, silver, solar, etc.)

  • Ed_B

    “Let’s have a look at the slide; clearly we can see Zhang talks about the Chinese mining industry, at the top it says, “ Chinese gold mining guarantee the steady supply of world gold”.”

    Now, there’s a real laugh. This fellow is making it sound like China is helping to supply the world with gold. That would be true if China actually sold ANY gold to the world but they don’t. Not so much as a single gram of Chinese gold is ever sold outside of China. So much for guaranteeing a steady supply of gold to the world.

  • Harlekin

    @ Koos Janses – The presentation your link is pointing to has been re-created on the 29 June 2015 only (4 days after the event took place in Shanghai) incl. several slides that were blanked out. I guess, Mr Zhang Bingnan showed a little too much and the chinese government wasn’t so amused about it. Personally, I believe the numbers shown are very close to the real chines gold reserves, in fact. And it is known the Chinese government has always made a big secret out of it. But reporting underground “reserves” – which are always estimations based on test drillings – precise to two digits after the coma doesn’t really make sense to me.

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