Bill’s Commentary:
“This has been the case for many years now…”
China’s real gold purchases appear to be roughly twice the amount disclosed through official channels, according to Goldman Sachs’ latest estimate.
China’s real gold purchases appear to be roughly twice the amount disclosed through official channels, according to Goldman Sachs’ latest estimate. That gap (first noticed by ZeroHedge) matters because it suggests Beijing is building its gold reserves faster than the public numbers indicate.
Goldman estimates that China purchased 35 tonnes of gold in July, making it the largest known buyer during the month.
Bill’s Commentary:
“Interesting tidbit”
The latest from USA Watchdog – (Also posted under Interviews)
