RE:RE:Article : Why is China....I've heard this figure of over 30,000 tons by a couple of experts. One is called Doctor Copper, an acknowledged top abalyst of copper based in DUbai, a Brit, and an old timer with lots of connections, including insights into China.
He has a story from a connected source, who visiting a top general in China, took him to a warehouse for the Army. Showed him a warehouse where he saw gold being stored.
In fact, Doc Copper said the Chinese figure might be 50,000 tons.
China's been accumulating for years. Now, they encourage the people to buy gold. But, no one allowed to sell gold outside of China. People used to NOT be allowed to own gold. Now they are. It's probably the best investment open to the Chinese. Certainly not their stratosphere priced shoddy real estate.
Numerous govt entities own gold, and maybe they store it independently.
The guy is a credible source, and he's not the only one saying this.