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IPMI and Industry News: Industry News

China Adding Gold Reserves

Wednesday, June 12, 2019  
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Lawrie Williams: China upping the ante in gold reserves

Since last December China has again been publishing its supposed monthly gold accumulations into its forex reserves after a couple of years of reporting an unlikely zero increase.  We have long speculated that China has been building its gold reserves up even when it is reporting no increases by holding gold in accounts it doesn’t feel the need to report to the IMF. - Sharps Pixley 06/12/2019

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