by Chris Powell
Dear Friend of GATA and Gold:
A friend writes:
“Here’s a question for you.
“People like GoldMoney’s Alasdair Macleod have stated that China has 20,000 to 25,000 tonnes of gold. Does this total refer just to the People’s Bank of China or does it include all the gold that the central bank and the people of China have?
“Is it possible that the total is much higher — that the central bank has 20,000 tonnes and the Chinese people have another 12,000 tonnes for a total of 32,000 tonnes?