A new report has estimated that 2,700 metric tons of gold are missing in China, even as the country's central bank boosts its reserves. This discrepancy has led to speculation about the actual amount of gold held by China. Official Chinese gold reserves are reported to be around 2,300 tonnes, similar to Russia's reserves. However, estimates suggest that China's total gold accumulation, including official, commercial, and private holdings, could be around 35,000 tonnes. Some analysts believe that China's official gold reserves do not add up and that the country may have significantly more gold in different accounts, potentially around 6,000 tonnes. The mysterious gold buyer in China and the inconsistency in official numbers have raised questions about the transparency of China's gold holdings. Chen Long via ThinkChinaSG has highlighted the issue of the missing gold.
I said for years that China's official (PBOC) #gold reserves don't add up and that China in a different account must have today a lot more; my speculation is around 6,000 Tonnes. ๐๐๐ https://t.co/SadRKnMGZ6
China #gold accumulation (official, commercial, private) estimated to around 35,000 Tonnes. Most commercial banks are state owned in part or total and hold today around 1,000 Tonnes of gold. Makes no sense China official gold reserves almost equal Russia around 2,300 Tonnes. https://t.co/oXnVQd68bL
China Official #Gold Reserves (1977-May2024, Tonnes) https://t.co/mjZ1mNEmI9
The mysterious #gold buyer in China, official Chinese gold numbers donโt add up, a total of 2,700 tonnes of gold has gone missing in China in the past two years - Chen Long https://t.co/hdxYuMxUhe via @ThinkChinaSG https://t.co/p8NKvtLKdz
๐ณ๐ A new report estimates that 2,700 metric tons of gold are โmissing,โ even as Chinaโs central bank boosts its reserves of the monetary metal https://t.co/m7dYNcu5D2
Is China Hiding How Much Gold It Really Has? https://t.co/J8P0o2RnPe
BREAKING NEWS A NEW REPORT ESTIMATES THAT 2,700 METRIC TONS OF GOLD ARE MISSING EVEN AS CHINA'S CENTRAL BANK BOOSTS ITS RESERVES Surprised, surprise. Do you think China wants to show their cards when they are stockpiling?
China #gold accumulation (official, commercial, private) estimated to around 35,000 Tonnes. Most commercial banks are state owned in part or total and hold around 2,000 Tonnes of gold. Makes no sense China official gold reserves almost equal to Russia around 2,300 Tonnes. https://t.co/oXnVQd68bL
Official world #gold reserves dropped only 22% between high in 1965 and low in 2008 and since 2008 financial crisis world central banks bought back 72% of gold sold (22%). If China has 6,000 Tonnes then world central banks bought back 96% of gold sold (22%). https://t.co/9db9nDNJk7
China US Treasuries Holdings vs China Official #Gold Reserves (Billions of US Dollars, Tonnes 2000-2024Q2) https://t.co/NOeVE6QknX
China US Treasuries Holdings (Billions of US Dollars, 2000-Apr24) https://t.co/LRLenm5kYM
World US Treasuries Foreign Official Holdings/World Official #Gold Reserves Ratio (Mar2000-Apr24) https://t.co/deVBxxhFCe
World Total (Official and Private) vs Official US Treasuries Holdings (Billions US Dollars, 2002-Apr24) https://t.co/tGPrlKj2T0