Koos Jansen provides us with another brilliant work dissecting through smoke and mirrors the latest data from China and its "Gold Reserves." I have my personal opinion about these figures due to their strategic meaning for China and its place in the world's financial system.
Gold Is Money: China Increases Gold Holdings By 57% "In One Month" In First Official Update Since 2009.
Here we go, Gold is Money! How these numbers can be trusted is another question. I personally think that the real Gold reserves of communist China is the matter of national security and are spread between few government agencies. On another note, in the case of emergency can China call in the Gold hoarded by its patriotic people? We are talking here about at least ten multiple on this official number, add to it gold mining reserves and all new stakes bought in the gold deposits all around the world to get the full picture.