As China Buys 23 Tons of Gold and Americans Scramble To Protect Retirement Savings, A Faith-Based Gold IRA Company Shows Them How
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The Chinese Central Bank announced that it bought 23 additional tons of gold in October. That makes 12 straight months of adding to their gold reserves — the most recent report says they now officially hold 2,214 tons of gold.
But some analysts think China’s actual gold holdings are much higher:
My speculation, educated guess is that China has a lot more #gold than stated 2,214 Tonnes (Oct. 2023). I think (educated guess) China already has around 6,000 Tonnes.
I also think China target is around 8,500 Tonnes which will put them in between US(8,133.5) and EU(11,562.0).
