Allied Nevada Gold Corp ANV

RE:Central Bank Buying Of Gold 2009-2014

[chuck8]

Goldguy, I find it hard to believe anything in any article that indicates no increase in China's gold reserves from 2009 to present. In fact I recall recently reading that their current "official" holdings were just above 3000 tons but unofficial it is believed to be north of 5000 tons. So, am I missing something here?
I've heard that a lot of gold enters via Shanghai and not recorded and of course the Chinese have no interest in disclosing what they really hold as they see gold as a strategic piece of their future. Funny how the west seems to promote a general disdain for gold but China advises their countrymen to gather gold even in single gram wafers as a store of value for the future. I knew a financial planner who only had orientals as clients and when asked about this, his response was that whereas most of us think about financial planning for retirement the Chinese tend to think in terms of generations and so planning for the future is not just about personal future. Annual gold supply net of China and Russia (who keep their production in country) does not seem ton equate to demand and this makes many wonder where current supply is coming from....probably supply coming from the west and so how much gold has the west squandered through leasing or outright sales. For me the jury is still out on all of this but does make me very suspicious that future demand versus supply will continue to be considerably outbalanced. JMHO.