by David Kranzler
Investment Research Dynamics
There are some serious heavy-weight challenges to the Bretton-Woods economic stranglehold on the world that are happening right now. A lot of events are percolating up right now… that should lead to a more equitable use of the world’s resources now. – Jeff Brown in Beijing on the Shadow of Truth
China has been aggressively accumulating physical gold for a long time. Anyone with any modicum of knowledge about the global precious metals market dismisses China’s publicly released 1,778 tonnes gold holdings report as readily as they dismiss the United States’ published gold ownership holdings.
Perhaps the most credible estimate of China’s gold holdings is based on research by Alasdair Macleod. His research shows that China has been stockpiling gold at its Central Bank for a far greater period of time than is commonly assumed. Further, he suggests that China holds at least 25,000 tonnes – LINK.