China Discovers Massive Gold Reserves in Hunan......
^^^^ the above is the title of an article. I've noticed that China has put out articles like this before. One was about a massive Chinese gold discovery in Africa.......what is their motive?......to put a damper on the price of gold, so they can buy more gold cheaper?
I don't trust Communist Chinese reports, though, much like I don't trust US govt reports issued by the current, Deep State, Leftist Cult controlled, US govt.
https://greekreporter.com/2024/11/23/china-massive-gold-reserves-hunan/
There is information that China has accumulated HUGE amounts of physical gold......we're talking about tens of thousands of tons of gold. Meanwhile, the rumor is that US gold reserves held in Fort Knox hasn't been audited since the 1950's, and has long since been sold off.
What's interesting about this article is how much gold this supposed Chinese discovery contains. The article says 300 tons.
Well, let's break that down. 300 tons equals about 18.9 million ounces.
Does that sound familiar as to the size of deposit some particular gold exploration and development company in Canada may well prove up in the not so distant future?.........maybe in a year or two, say.