China Is Quietly Becoming Gold Superpower

[Delenda Carthago]

World’s Top Gold Producer Holding Onto All of Its Gold
While Western central banks have frittered away their gold, China is quietly building up its reserves.

China is the world’s largest gold producer.



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And yet – according to various sources – gold bullion brokers have not seen any gold coming from China.

In other words, China is producing more gold than any other country, but isn’t exporting any of it.

As such, China is quietly becoming a gold superpower.

Note: China has a habit of being quiet for several years at a time, and then announcing big increases in gold holdings. So quoting old numbers will only mean that one is caught flat-footed as to China’s current holdings.

[Lynx]

China doesn't have a monopoly in gold production. Its quiet because its not news.

[Bakunin Knight]

The difference between the Chinese state and the Western states is that the former is captured by local special interests, who as fixed parasites care about the long-term health of the host, while the latter are captured by globalist special interests, who as mobile parasites only care about sucking as much blood as they can before they move onto their next victim, while gaining even more power over their hosts as each becomes weaker.

[cynicles]

Is'nt buying gold a big deal in China as a way of holding your wealth? Isn't this just a cultural thing that gold is really popular and seen as stable by most Chinese?

[Prometeo liberado]

And all this time I thought that the guy down at the mall who keeps telling me that he'll "beat any price on gold necklaces, bracelets, medals and trinkets!" was busy doing the whole gold superpower thing. And to think China doesn't even have a slick commercial. Who'da thought?

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