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China is quietly becoming gold superpower

Posted on 05 November 2012

As rumors fly that leading Western economies have exhausted their gold hoards, China has become the world’s biggest gold producer while also discretely accumulating bullion reserves.
In sharp contrast to the powerhouse manufacturing industries which have brought about its rapid economic ascent, China is not exporting any of the bullion it produces, and that despite being the world’s biggest gold producer no on ever sees bars with Chinese stamps on them………………………………………..Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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